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Which of the following is the strongest correlation?
Maximum Amount of Expenses
The highest allowable sum that can be counted as an expense for tax or budgetary purposes.
Joint Returns
A combined tax return filed by legally married couples who choose to report their incomes, exemptions, and deductions on the same tax return.
American Opportunity Tax Credit
A financial credit for approved higher education expenses incurred for an eligible learner within the first four years of their tertiary education.
Lifetime Learning Credit
A tax credit that helps defray the cost of post-secondary education by reducing the amount of tax owed on a return, dollar for dollar.
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