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How much of the credit would be refundable

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Reference no: EM133000330

Problem 1: Patty, 28 years old, is a single individual. In 2020, she paid $5,000 of qualified tuition and related expenses for herself. If she uses the expenses to claim the Lifetime Learning Credit, how much credit can she claim this year? If she owes $500 in federal tax this year, how much of the credit would be refundable?

Reference no: EM133000330

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