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

question 1889

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 2018 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 2018 is

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

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Definitions:

Random Assignment

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