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Jeffery and Cassie, who are married with modified AGI of $90,000, are sending their son to his first year of college. Their total tuition and related payments during 2013 amounted to $5,500. They have not taken advantage of any other type of tax benefit related to educational expenses. Their American Opportunity Scholarship credit for 2013 is

A. $1,500.

B. $2,000.

C. $2,500.

D. $5,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
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