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David Johnson is attending community college. He has $2,000 in education expenses. He is trying to decide between taking the tuition and fees as a
David Johnson is attending community college. He has $2,000 in education expenses. He is trying to decide between taking the tuition and fees as a deduction or as an education credit. If David is in the 10 percent marginal tax bracket, which should he choose? Round your answers to the nearest dollar. Taking the expense as a credit would save $ ______ in taxes. Taking the expense as a deduction would save $ _____ in taxes. David should take the tuition and fees as deductionan or education credit |
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