Lifetime learning credit-modified agi

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Reference no: EM1358634

In the fall of 2013, James went back to school to earn a masters degree. He incurred $7,000 of qualified educational expenses and his modified AGI for the year was $40,000. His Lifetime Learning Credit is:

A. $1,000

B. $1,400

C. $1,800

D. $2,000

Reference no: EM1358634

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