Timothy and Alice,who Are Married with Modified AGI of $90,000,are

question 49

Multiple Choice

Timothy and Alice,who are married with modified AGI of $90,000,are sending their daughter to her first year of college.Their total tuition and related payments during the year amounted to $13,000.In addition,their daughter received a $10,000 scholarship to cover tuition.They have not taken advantage of any other type of tax benefit related to educational expenses.Their American Opportunity Tax Credit is

• A)$2,000.
• B)$2,250.
• C)$2,500.
• D)$3,000.

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Definitions:

Lungs

Pair of respiratory organs in the chest of vertebrates that facilitate gas exchange between the atmosphere and the blood.

Oxygen Saturation

The measure of the amount of oxygen bound to hemoglobin in the blood, indicating respiratory efficiency.

Pulmonary Capillaries

Tiny blood vessels in the lungs where gas exchange occurs, allowing oxygen to enter the bloodstream and carbon dioxide to be removed.

Hemoglobin

A protein in red blood cells that carries oxygen from the lungs to the rest of the body and returns carbon dioxide from the body to the lungs.