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Carey and Corrine Are Married and Have Two Children in College

Question 114

Multiple Choice

Carey and Corrine are married and have two children in college. Jason is a sophomore, and Justine is a senior. They pay $2,000 in tuition and fees for Jason, $600 for his books and $3,000 for his room and board. Justine's tuition and fees are $3,000, her book expense is $800, and her room and board expenses are $2,600. Their adjusted gross income is $165,000. What amount can they claim as a tax credit for the higher education expenses she pays?


A) $ -0-
B) $1,150
C) $3,450
D) $4,600
E) None of the above

Correct Answer:

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