Jeffery and Cassie,who Are Married with Modified AGI of $90,000,are

question 17

Multiple Choice

Jeffery and Cassie,who are married with modified AGI of $90,000,are sending their son to his first year of college.Their total tuition and related payments during 2014 amounted to $5,500.They have not taken advantage of any other type of tax benefit related to educational expenses.Their American Opportunity Tax Credit for 2014 is

• A)$1,500.
• B)$2,000.
• C)$2,500.
• D)$5,000.

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Definitions:

Personal Preferences

Individual choices or tastes based on subjective factors, often determining decision-making in various aspects of life.

Value Judgments

Assessments based on personal views about the worth, beauty, or goodness of something rather than on measurable criteria.

Objective Concept

A notion or idea based on factual and measurable evidence rather than personal feelings or opinions.

Observable Phenomenon

Events or occurrences that can be perceived directly through the senses or with the help of scientific instruments.