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Joe paid the following amount for his son to attend BYU in the current year: Tuition = $6,000; Room and board = $5,000; Books = $500; A car to use at school = $2,000; Student football tickets = $200; Spending money = $4,000. How much of these items is qualified higher education expense for purposes of his Qualified Tuition Program.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M947704

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