Cory and Leslie Are Married and Have Two Children in College.Jason

question 20

Multiple Choice

Cory and Leslie are married and have two children in college.Jason is a sophomore,and Justine is a senior.They pay $2,500 in tuition and fees for Jason,$900 for his books and $3,000 for his room and board.Justine's tuition and fees are $5,000,her book expense is $800,and her room and board expenses are $2,600.Their adjusted gross income is $50,000.What amount can they claim as a tax credit for the higher education expenses she pays?

• A)$2,250
• B)$3,350
• C)$3,250
• D)$3,540
• E)$4,850

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Definitions:

Recall

The act of retrieving information or memories from the past, often without the stimulus that initially encoded the memory.

Confusion

A state of bewilderment or uncertainty where a person has difficulty in understanding situations or making decisions.

Decay

The process of gradual deterioration or the breakdown of organic matter by the action of bacteria and enzymes, or, in terms of memory, the fading of information over time.

Stored Information

Stored information refers to data or knowledge that has been saved and can be retrieved from an individual's memory or a storage device.