Which one of the following statements concerning the lifetime learning credit is correct? a. The...
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Accounting
Which one of the following statements concerning the lifetime learning credit is correct?
a. The credit is claimed on a perstudent basis.
b. The credit may be claimed for an unlimited number of years.
c. The credit is 20% of the first $5,000 of qualified tuition and related expenses per year.
d. Tuition incurred for graduate courses does not qualify for the credit.
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