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Which one of the following statements concerning the Lifetime Learning Credit is not correct? a. The credit is 20% of the first $10,000 of qualified
Which one of the following statements concerning the Lifetime Learning Credit is not correct?
a. The credit is 20% of the first $10,000 of qualified tuition and related expenses
b. Qualifying expenses include the cost of tuition for graduate courses at an eligible educational institution
c. The credit may be claimed for an unlimited number of years
d. The credit is available on a per student basis
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