Holly goes to California State University Northridge. This is her first year attending the school....
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Holly goes to California State University Northridge. This is her first year attending the school. She has never used the American Opportunity Tax Credit nor has she ever attended any other university. She has no drug offenses and is attending full time. She received a scholarship that is for both her education expenses and some living expenses. The scholarship is $5,000 and gives her $1,500 of that amount for living expenses. The remainder goes for education costs. Her school costs are tuition of $4,000; books of $1,445; other fees of $150 and she joined an intermural volleyball team for $300. Joining the volleyball team is not required by the school. Determine her American Opportunity Tax Credit. Show all work.
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