Which of the Following Is Not True of the Lifetime

question 101

Multiple Choice

Which of the following is not true of the lifetime learning credit?

• A) The credit can be claimed by taxpayers who have graduated from college and are taking professional training courses to improve their job skills.
• B) A taxpayer with multiple dependents can claim a credit for each dependent's qualifying expenses.
• C) The credit is subject to phase out based on the taxpayer's AGI.
• D) It is a nonrefundable credit.

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Definitions:

Eminent Domain

The right of a government to expropriate private property for public use, with compensation.

Mislaid

Property that is intentionally set down by someone who then forgets to retrieve it.

Trade Dress

The visual appearance of a product or its packaging that signifies the source of the product to consumers, which can be protected under trademark law against unauthorized use.

Overall Appearance

The general outward look or impression that something or someone presents.