All of the Following Statements Are True Regarding the Lifetime

question 66

Multiple Choice

All of the following statements are true regarding the Lifetime Learning Credit except which one?

• A)In order to qualify for the Lifetime Learning Credit,a student must be enrolled 1/2 time.
• B)Qualifying expenses include those for tuition and related fees but not for room and board.
• C)The Lifetime Learning credit may be claimed for any degree or nondegree course at a college or university that helps an individual acquire or improve their job skills.
• D)The Lifetime Learning credit and the American Opportunity Tax credit may not be taken in the same tax year with respect to the same student's tuition and related fees.

---

Definitions:

Seniority

The concept of giving priority or preference to individuals based on their length of service or tenure in a position or organization.

Paperwork

Routine work involving written documents such as forms, records, or letters, often seen as bureaucratic or administrative tasks.

Public Service

Services provided by the government to its citizens, either directly or through the financing of another entity's provision of services.

Crime Fighter

Refers to an individual, typically in law enforcement, who actively seeks to prevent, investigate, and solve crimes.