1. That amount is considered payed by you in that year only.
2.Yes it is, but once you make too much it starts phasing out.
3.Tuition and items needed to complete the class. Anything about 4K for the american opp credit is useless.
Standard deduction $5800 personal exemption $3700= $9500
10k-9500. 500
Your taxable income is 500. You're taxes will be $51 bills. You can reduce that amount by earned income credit or school credit (aoc, hope,lifetime). If none apply look at you're last paycheck of the year. Look at the year...