All of the Following Statements About the Lifetime Learning Credit

question 6

Multiple Choice

All of the following statements about the lifetime learning credit is correct except:

• A)Available for graduate course work.
• B)Available for undergraduate course work.
• C)Credit may only be used for five years.
• D)Provides a tax credit for qualified education expenses.

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Definitions:

Process Layout

A layout that organizes the transformation process into departments that group related processes.