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Determine the total amount of education related tax credit

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Question 1: During 2019, Frank Balmer attends university for 5 months. His total tuition for the year, including all ancillary fees, is $4,100, of which he prepaid $1,400 in 2018. The amount paid in 2019 includes $415 in fees that are only charged to students in his biology program. Interest paid for the year on his student loan was $417. Determine the total amount of education related tax credits that would be available for Mr. Balmer for 2019.

Reference no: EM132606565

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