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If the Modified AGI of a Married Filing Joint Taxpayer

question 53

True/False

If the modified AGI of a married filing joint taxpayer exceeds $132,000 in 2017,the lifetime learning credit phases out completely.


Definitions:

Cognitive Bias

A systematic pattern of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.

Anchoring Heuristic

A cognitive bias where an individual relies too heavily on an initial piece of information to make subsequent judgments.

Extrasensory Perception

A claimed ability to gain information through means other than the known human senses.

Mental Laziness

A state where an individual avoids mentally challenging tasks, preferring comfort over cognitive effort.

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