Akiko and Hitachi (Married Filing Jointly for 2018)are Both Educators

question 96

Essay

Akiko and Hitachi (married filing jointly for 2018)are both educators.They attended a conference to further their job-related skills.Tuition for the conference was $2,000 for each person.Their AGI was $120,000.How much lifetime learning credit can they claim?

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Definitions:

Parameters

Quantitative values that define the behavior and characteristics of a model or function.

Classical Definition

The Classical Definition, often referred to in the context of probability, is an approach where the probability of an event is calculated by dividing the number of favorable outcomes by the total number of equally likely outcomes.

Probability

Probability measures the likelihood of a particular event occurring, expressed as a number between 0 and 1, where 1 represents certainty.

Probability Density Function

A function that describes the likelihood of a random variable to take on a specific value, used in the realm of statistics.