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:

Region of Origin

The geographic area or location where something or someone comes from or is considered to have started.

University

An institution of higher education and research which awards academic degrees in various disciplines, providing both undergraduate and postgraduate education.

Recreation Centre

A facility that provides a variety of activities, amenities, and services for recreational and fitness purposes to the public.

Physical Activities

Any bodily movement produced by skeletal muscles that requires energy expenditure.