Steve Goes to Tri-State University and Pays $40,000 in Tuition

question 31

Multiple Choice

Steve goes to Tri-State University and pays $40,000 in tuition. Steve works to pay for his schooling and has an AGI of $37,000. How much is his American Opportunity tax credit?

• A)$2,000
• B)$2,500
• C)$4,000
• D)$1,000
• E)He does not qualify for the American Opportunity tax credit.

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Definitions:

Atmospheric Pressure

The pressure exerted by the weight of the atmosphere, which at sea level is approximately 101.3 kilopascals (760 mmHg).

Respiratory Membrane

Membrane in the lungs across which gas exchange occurs with blood.

Thick Layer of Mucus

describes a dense secretion produced by mucous membranes, serving to protect and lubricate surfaces.

Pressure Gradient

A pressure gradient is the difference in pressure across a physical space, which drives the flow of fluids from regions of higher to lower pressure.