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In the Fall of 2015,James Went Back to School to Earn

Question 7

Multiple Choice

In the fall of 2015,James went back to school to earn a master of accountancy degree.He incurred $7,000 of qualified educational expenses and his modified AGI for the year was $40,000.His Lifetime Learning Credit is


A) $1,000.
B) $1,400.
C) $1,800.
D) $2,500.

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