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Which of the following statements is true regarding the education tax credits? a. The American...

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Accounting

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Which of the following statements is true regarding the education tax credits? a. The American Opportunity credit is calculated per taxpayer, while the lifetime learning credit is available per eligible student. b. The lifetime learning credit is available for qualifying tuition and related expenses incurred by students pursuing only graduate degrees c.Continuing education expenses do not qualify for either education credit Od. The American Opportunity credit permits a maximum credit of 20% of qualified expenses up to S 10,000 per year. e. None of these statements are true

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