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Mr. and Mrs. Pointer, who file a joint tax return, have an adjusted gross income of $69k for 2020. Their son Jeff was in his
Mr. and Mrs. Pointer, who file a joint tax return, have an adjusted gross income of $69k for 2020. Their son Jeff was in his fifth year of college in 2020. Their expenses incurred in 2020 were $12,800 for tuition. What is the amount of Lifetime Learning Credit the Pointers may claim in 2020? TAX ACCOUNTING
(choices w/ numbers in $)
A 10k
B 2,560
C 2k
d 12,800
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