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George and Betty have a son, Charles, who is a sophomore in college. Their modified AGI is

$160,000. Charles received Form 1098-T from the college that showed he was at least a half-time student and that he paid $6,500 in tuition. What is the maximum amount George and Betty can claim as an education credit for Charles?

Select one:

a. $2,500

b. $1,000

c. $2,000

d. $ 0

Top Answer

The answer is d.$0 For one to be eligible to claim the... View the full answer

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