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LO2 4. Education Tax Credits. Mason is married and has two sons. The older son, Harrison, is a graduate student working on his MBA. He

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LO2 4. Education Tax Credits. Mason is married and has two sons. The older son, Harrison, is a graduate student working on his MBA. He paid $15,000 in tuition, $2,000 for textbooks and supplies, and incurred $20,000 in living expenses for the year. The younger son, Alexander, is a sophomore in college. Alexander's tuition was $12,000, textbooks and supplies were $1,500, and Alexanders living expenses were $18,000. While Mason's younger son, Alexander, is claimed as a dependent on his tax return, his older son, Harrison, is not claimed as a dependent. Determine the amount of education credits or deductions Mason can take on his tax return for these education expenses

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