Burton and Kay are married,file a joint return with an AGI of $115,000,and have one dependent child,Tyler,who is a full-time student in a Master of Accountancy program.The following expenses relate to his costs of attendance in 2016:
The tuition noted above is the gross amount charged before reduction for his $5,000 tuition scholarship.What is the maximum education credit allowed to Burton and Kay?
Definitions:
Thematic Apperception Test
A projective psychological test that assesses an individual's underlying motives, feelings, and attitudes through storytelling.
Projective Test
A psychological assessment tool where subjects interpret ambiguous stimuli, revealing hidden emotions and internal conflicts.
Big Five Personality Traits
A theory describing five core aspects of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.
Objective Personality Tests
Assessments that measure personality traits and characteristics using standardized questions and scales.
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