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Which of the following taxpayer(s) may qualify to claim the lifetime learning credit? Morgan (23) is single and is attending Placer University, where she is

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Which of the following taxpayer(s) may qualify to claim the lifetime learning credit? Morgan (23) is single and is attending Placer University, where she is completing her master's degree in accounting. Her parents will claim her as a dependent. Kevin (32), a married taxpayer who will file separately. He attended classes at Placer University, where he is working towards a masters degree in business administration. Jim (53) and Sara (52), a married filing joint couple with modified adjusted gross income of $125,000. They paid tuition to Placer University for their daughter, Meg (22), as she obtains her master's degree in education. Meg is Jim and Sara's qualifying child. Marvin (35) is single and is attending Placer University, as he obtains his master's degree in psychology. His modified adjusted gross income is $70,000. A taxpayer eligible to claim the lifetime learning credit may receive up to $2,000 for this credit. All of the following are considered qualified expenses for this credit EXCEPT: Tuition and fees paid to acquire a degree from an accredited university. Tuition and fees paid to a local community college for a class that will improve the taxpayer's job skills. Books that must be purchased from the educational institution as a condition for enrollment. Room and board. All of the following are generally considered qualified expenses for the student loan interest deduction EXCEPT: Oo oo Graduate school tuition. Transportation expenses incurred for a nondependent grandchild attending college in another state. Room and board at a dormitory owned and operated by the educational institution. Books and supplies. All of the following are generally considered qualified expenses for the student loan interest deduction EXCEPT: Oo oo Graduate school tuition. Transportation expenses incurred for a nondependent grandchild attending college in another state. Room and board at a dormitory owned and operated by the educational institution. Books and supplies

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