Baker, a cash-basis, calendar-year taxpayer, is a partner in an accrual-basis partnership that reports its taxable income on an october 31 fiscal year. baker has been provided the following information:
fy 17-18 fy 18-19
baker’s distributive share of partnership ordinary income$30,000 $40,000
baker’s "salary"
$1,000 per month $12,000 ($1,000 x 12)
$1,500 per month $18,000 ($1,500 x 12)
the partnership was short of cash and paid none of the above to baker until january 3, 2020. compute baker’s income from the partnership for 2018.

In 2018, laureen is currently single. she paid $2,800 of qualified tuition and related expenses for each of her twin daughters sheri and meri to attend state university as freshmen ($2,800 each for a total of $5,600). sheri and meri qualify as laureen’s dependents. laureen also paid $1,900 for her son ryan’s (also laureen’s dependent) tuition and related expenses to attend his junior year at state university. finally, laureen paid $1,200 for herself to attend seminars at a community college to her improve her job skills.what is the maximum amount of education credits laureen can claim for these expenditures in each of the following alternative scenarios? a. laureen's agi is $45,000.b. laureen’s agi is $95,000.c. laureen’s agi is $45,000 and laureen paid $12,000 (not $1,900) for ryan to attend graduate school (i.e, his fifth year, not his junior year).