8) An employee who has had social security tax withheld in an amount greater than the maximum for a particular year may claim:

a. Such excess as either a credit or an itemized deduction, at the election of the employee, if that excess resulted from correct withholding by two or more employers

b. The excess as a credit against income tax, if that excess was withheld by one employer

c. Reimbursement of such excess from his employers, if that excess resulted from correct withholding by two or more employers

d. The excess as a credit against income tax, if that excess resulted from correct withholding by two or more employers.

9) Which one of the following statements concerning the American Opportunity Credit is not correct?

a. The credit is available for the first four years of post-secondary education

b. The credit is available on a per student basis

c. To be eligible for the credit, the student must be enrolled full-time for at least one academic period during the year

d. If a parent claims a child as a dependent, any qualified expenses paid by the child are deemed to be paid by the parent

10) Which one of the following statements concerning the Lifetime Learning Credit is not correct?

a. The credit is 20% of the first $10,000 of qualified tuition and related expenses

b. Qualifying expenses include the cost of tuition for graduate courses at an eligible educational institution

c. The credit may be claimed for an unlimited number of years

d. The credit is available on a per student basis