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 at least 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
Q18: The child and dependent care credit is
Q19: Mark and Stacy are married,file a joint
Q20: In calculating a taxpayer's AMT,adjustments for timing
Q21: To help retain its talented workforce,Zapper
Q22: Hong earns $138,500 in her job as
Q24: Beth and Jay project the following taxes
Q25: A couple has filed a joint tax
Q26: Reva and Josh Lewis had alternative minimum
Q27: Which statement is correct?<br>A)Tax credits reduce tax
Q28: Which one of the following is a