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What is the maximum amount George and Betty can claim

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Problem - George and Betty have a son, Charles, who is a sophomore in college. Their modified AGI is $160,000. Charles received Form 1098-T from the college that showed he was at least a half-time student and that he paid $6,500 in tuition. What is the maximum amount George and Betty can claim as an education credit for Charles?

a. $2,500

b. $1,000

c. $2,000

d. $0

Reference no: EM132468194

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