Which of the Following Statements Is Not True Regarding the Education

question 21

Multiple Choice

Which of the following statements is not true regarding the education credits?

• A)The American opportunity tax credit is only available for the first two years of postsecondary education.
• B)The lifetime learning credit is limited to $2,000 per taxpayer per year.
• C)The American opportunity tax credit is limited to $2,500 per student per year.
• D)A taxpayer cannot receive the American opportunity tax credit if he/she has a felony drug conviction.

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Sales Job

A role that involves promoting and selling products or services to customers, often requiring strong communication and persuasion skills.

Entrepreneurs

Individuals who undertake the creation, organization, and ownership of a new business venture, facing considerable risk and uncertainty but potentially gaining significant rewards.

Commercial Lending Institutions

Banks and other financial entities that provide loans to businesses for the purpose of facilitating growth and operational expenses.

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