Sam paid the following expenses during October 2015 for his son Aaron's spring 2016 college expenses: Spring 2016 semester begins in January 2016:
In addition, Aaron's uncle paid $500 for college fees on behalf of Aaron directly to the college. Aaron is claimed as Sam's dependent on his tax return. How much of the paid expenses qualify for purposes of the education credit deduction for Sam in 2015?
A) $3,500.
B) $11,500.
C) $18,000.
D) $18,500.
Correct Answer:
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