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:

Concrete

Referring to something you can experience with your senses.

Concise

Expressing or conveying information in a clear and brief manner, without unnecessary details.

Status

The relative position or standing of things or especially persons in a society.

Flexibility

The quality of being adaptable or willing to adjust to new conditions or circumstances.