1. During 2018, an unmarried taxpayer paid tuition and fees of $8,000 on behalf of her dependent son, who is a full-time student attending his third year of college. If the taxpayer's AGI is $54,000, her total education tax credit equals: $640. $960. $1,600. $3,500. $2,500.

2.

Which of the following statements is not correct regarding the education credits?

		The lifetime learning credit is 100% nonrefundable.
		The American opportunity credit for a single person will begin to phase out (be disallowed) when AGI is $60,000 or greater.
		The lifetime learning credit is available to students who attend graduate school.
		The maximum American opportunity credit is $2,500 for each eligible student.
		All of the above statements are correct.