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Hugo's daughter, Wanda, completed her senior year of college in the current year. Hugo paid $5,000 in qualified education expenses for Wanda in the current
Hugo's daughter, Wanda, completed her senior year of college in the current year. Hugo paid $5,000 in qualified education expenses for Wanda in the current year. Hugo is a MFJ taxpayer and has an AGI of $60,000 for the current year. What, if any, education credit will provide Hugo the highest credit and how much is that credit? O Hugo is not eligible to claim an education credit. O American Opportunity Tax Credit in the amount of $2,500 O Lifetime Learning Credit in the amount of $1,000 O Lifetime Learning Credit in the amount of $2,000
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