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Which, if any, of the following statements is (are) correct? 1. C corporations have unlimited liability. 2. Sole proprietorships offer limited liability. 1 only. 2

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Which, if any, of the following statements is (are) correct? 1. C corporations have unlimited liability. 2. Sole proprietorships offer limited liability. 1 only. 2 only. Both 1 and 2. Neither 1 nor 2. Amy pays qualified education expenses of $2,800 for her son, Luke. How much of an American Opportunity Tax Credit (AOTC) is Amy entitled to this year? $2,500. $2,250. $2,200. $2,800

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