Jeffery and Cassie,who Are Married with Modified AGI of $90,000,are

question 63

Multiple Choice

Jeffery and Cassie,who are married with modified AGI of $90,000,are sending their son to his first year of college.Their total tuition and related payments during 2017 amounted to $5,500.They have not taken advantage of any other type of tax benefit related to educational expenses.Their American Opportunity Tax Credit for 2017 is

• A)$1,500.
• B)$2,000.
• C)$2,500.
• D)$5,000.

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Definitions:

Interval Data

Represents data that has meaningful intervals but no true zero, allowing for both order and the exact difference between values to be understood.

Parametric T-test

A statistical test used to compare the means of two groups, assuming that the data are drawn from populations with normally distributed variables.

Nonparametric Counterpart

A statistical method or model that does not assume a predetermined form for the distribution of the data.

Test Statistic

A value calculated from sample data during a hypothesis test used to decide whether to reject the null hypothesis.