Mary is a single taxpayer. Her MAGI was $65000 for 2018. During the year, she...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Mary is a single taxpayer. Her MAGI was $65000 for 2018. During the year, she took some classes online to continue her education. She already has a bachelor's degree in psychology. She spent $1500 on tuition and $125 on books. Mary also paid $6000 of her daughter's undergraduate tuition. The daughter is a full-time freshman at lone star college. What is the total amount of Mary's 2018 education credits?
a) 300 lifetime learning credit, 2500 american opportunity credit
b) 2500 american opportunity credit
c) $60 lifetime learning credit, 2500 american opportunity credit
d) 2000 lifetime learning credit
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!