In the fall of 2022, Gina, an unmarried taxpayer, went back to school to earn...

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Accounting

In the fall of 2022, Gina, an unmarried taxpayer, went back to school to earn a master of taxation degree. She incurred $7,000 of qualified educational expenses and her modified AGI for the year was $82,000. Her Lifetime Learning Credit is A) $2,500. B) $1,400. C) $280. D) $1,120.

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