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) $1,175
C) $3,175
D) $3,638
E) $4,850
Correct Answer:
Verified
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