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What amount of qualified tuition will madison be allowed

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Question - Madison, 18, is in her first year of college. She lives with her parents and attends a local college. Madison's parents continue to claim her as a dependent since she is full-time student and under age 24.

Madison paid the following amount for qualified tuition in 2018: $2,100 in March for the summer semester (2018)

Her parents paid the following amounts for qualified tuition in 2018:

$3,500 in June for the fall semester (2018)

$3,300 in December for the spring semester (2019)

What amount of qualified tuition will Madison be allowed to use in calculating her 2018 American Opportunity Credit on her tax return?

A) $0

B) $2,100

C) $5,600

D) $8,900

Reference no: EM132494003

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