Reggie and Ramona are married and have two children in college.Jason is a sophomore,and Justine is a graduate student.They pay $2,500 in tuition and fees for Jason,$900 for his books and $3,000 for his room and board.Justine's tuition and fees are $5,000,her book expense is $800,and her room and board expenses are $2,600.Their adjusted gross income is $170,000.What amount can they claim as a tax credit for the higher education expenses she pays?
A) $-0-
B) $1,125
C) $3,125
D) $3,638
E) $4,850
Correct Answer:
Verified
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