7

A/ Question 7 (1 point) Jack is a single individual with an AGI of $55,000. He has earned a degree in the past but is taking additional college courses part-time and has qualified educational expenses of $5,000. What is the amount of his allowable Lifetime Learning Credit? DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!! IF THE ANSWER IS ZERO, ENTER AS O, NOT 0.0. A/ Question 8 (1 point) Which of the following individuals would have some liability for the underpayment of estimated tax liability? MAKE SURE TO REREAD THIS SECTION OF THE CH12 NOTES THOROUGHLY. Jack total tax liability on the current year return is $10,000. He owes a payment of $2.000 with the filed return Last year lackis totalitax liabilitas $7.500