1) During 2020, 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 (using the most advantageous method) equals:

$640.

$960.

$1,600.

$3,500.

$2,500.

2) During the year, a married couple pays $3,500 in qualified child care expenses to a nanny to look after their 8-year-old son. The husband works and has $56,000 of wages during the year; the wife attended college as a full-time student for 10 months of the year. Based on the couple's AGI, the percentage they can use to compute their child and dependent care credit is 26%. The couple's child and dependent care credit is:

$910.

$780.

$650.

$1,000.

$0.

3) Which of the following is a refundable credit?

The lifetime learning education credit

The retirement savings contributions credit

The premium tax credit

The child and dependent care credit

All of the above are refundable credits