Stephanie and Cal Have Three Dependent Children in College

question 61

Multiple Choice

Stephanie and Cal have three dependent children in college.Sally is a freshman and Teri is a sophomore at a small private college in their town where their expenses are $6,500 per year for each student;Lexi is in her third year of medical school in Wisconsin and her related expenses are $12,500 per year.What is the maximum education credit allowed Stephanie and Cal on their joint tax return if their AGI is $117,000 in 2013?

• A)$5,000
• B)$6,000
• C)$7,000
• D)$7,500

---

Definitions:

Direct Pressure

A form of influence where individuals are explicitly urged or coerced by others to engage in certain behaviors or make specific choices.

Groupthink

A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Agreement-At-Any-Cost

A situation where individuals prioritize reaching an agreement over the quality or implications of the agreement itself.

Groupthink

A psychological phenomenon in which the desire for harmony or conformity in a group results in an irrational or dysfunctional decision-making outcome.