Joseph paid $1,750 in qualifying expenses for his daughter who attended a community college.How much is Joseph's lifetime learning credit without regard to AGI limitations or other credits?
A)$250.
B)$350.
C)$825.
D)$1,750.

Question

Quizplus · Accepted Answer

The Lifetime Learning Credit is 20% of the first $10,000 of qualified education expenses. Therefore, 20% of $1,750 is $350.

Joseph Paid $1,750 in Qualifying Expenses for His Daughter Who