Steve Goes to Tri-State University and Pays $40,000 in Tuition

question 5

Multiple Choice

Steve goes to Tri-State University and pays $40,000 in tuition. Steve works a part-time job to pay for his schooling and has an AGI of $17,000. How much is his American Opportunity Credit?

• A)$2,000
• B)$2,500
• C)$4,000
• D)$1,000
• E)He does not qualify for the American Opportunity Credit.

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