Which of these is CORRECT regarding the Lifetime Learning credit?\ \ A)\ The credit is equal to 100% of the first $2,000 and 25% of the next $2,000 of qualifying higher education expenses.\ B)\ Qualifying expenses include tuition, books, supplies, and room and board.\ C)\ There is a phaseout between $160,000 and $180,000 of AGI for married taxpayers filing jointly.\ D)\ The credit only applies during the first four years of postsecondary school.