Arnold is single and has two children in college.Maureen is a sophomore,and Rick is a senior.Arnold pays $3,000 in tuition and fees for Maureen and $6,000 for her room and board.Rick's tuition and fees are $5,000,and his room and board expenses are $3,600.Arnold's adjusted gross income is $80,000.What amount can he claim as a higher education tax credit?
A) $2,000
B) $3,250
C) $3,500
D) $4,750
E) $5,470
Correct Answer:
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