Marcia and Tim, a Married Couple, File a Joint Return

question 81

Multiple Choice

Marcia and Tim, a married couple, file a joint return in 2017. Marcia went back to college this year as a full-time graduate student. What is the maximum reduction they can achieve in their taxes for the $6,800 in tuition that Marcia pays if their AGI is $114,000 and the LLC phaseout range is $112,000-$132,000?

• A) $2,000
• B) $1,360
• C) $1,224
• D) $1,000

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United States

A country located in North America, comprising 50 states and known for its significant impact on global culture, economy, and politics.

Gasoline Stations

Retail outlets that sell fuel for motor vehicles, often offering other services like car washes or convenience store goods.

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The sale of goods and services directly to consumers for personal, non-business use.

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