Arnold Is Single and Has Two Children in College

question 154

Multiple Choice

Arnold is single and has two children in college.Maureen is a sophomore,and Rick is a senior.Arnold pays $3,000 in tuition and fees for Maureen and $6,000 for her room and board.Rick's tuition and fees are $5,000,and his room and board expenses are $3,600.Arnold's adjusted gross income is $80,000.What amount can he claim as a higher education tax credit?

• A)$2,500
• B)$3,250
• C)$3,500
• D)$4,750
• E)$5,470