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

question 101

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 2019 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 2019 is

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

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Definitions:

Check Register

A record keeping tool used to track checks written, deposits made, and current balance for a checking account.

Check Number

A unique identification number assigned to each transaction in a checkbook or bank account for tracking and record-keeping purposes.

Balance

The ability to maintain the body's center of mass over its base of support, crucial for daily activities and preventing falls.

Third-Party Check

A check made payable to one party and then endorsed to another as a payment method.