Multiple Choice
Timothy and Alice,who are married with modified AGI of $90,000,are sending their daughter to her first year of college.Their total tuition and related payments during the year amounted to $13,000.In addition,their daughter received a $10,000 scholarship to cover tuition.They have not taken advantage of any other type of tax benefit related to educational expenses.Their American Opportunity Tax Credit is
A) $2,000.
B) $2,250.
C) $2,500.
D) $3,000.
Correct Answer:

Verified
Correct Answer:
Verified
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