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

question 70

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 2013 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 2013 is

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

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Definitions:

John Adams

The second President of the United States and a founding father who played a key role in the American Revolution and early government formation.

Thomas Jefferson

The third President of the United States (1801-1809), principal author of the Declaration of Independence, and a key figure in the early development of American democracy and republicanism.

Quasi-War

An undeclared naval conflict between the United States and France from 1798 to 1800, primarily fought in the Caribbean.

United States Navy

The naval warfare service branch of the U.S. Armed Forces, responsible for naval operations and the protection of American interests at sea.