Multiple Choice
All of the following statements are true regarding the Lifetime Learning Credit except which one?
A) In order to qualify for the Lifetime Learning Credit,a student must be enrolled 1/2 time.
B) Qualifying expenses include those for tuition and related fees but not for room and board.
C) The Lifetime Learning credit may be claimed for any degree or nondegree course at a college or university that helps an individual acquire or improve their job skills.
D) The Lifetime Learning credit and the American Opportunity Tax credit may not be taken in the same tax year with respect to the same student's tuition and related fees.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The earned income credit is available only
Q34: The maximum amount of the American Opportunity
Q64: George and Meredith who are married,have a
Q65: Hawaii,Inc. ,began a child care facility for
Q67: Ivan has generated the following taxes and
Q69: The general business credits are refundable credits.
Q71: Form 6251,Alternative Minimum Tax,must be filed in
Q88: Max and Alexandra are married and incur
Q115: A wage cap does not exist for
Q665: Assume you plan to volunteer at a