During 2016, Sarah Bright attends university for four months of full time study and 2 months of part time study.The Total tuition for the year including ancillary fees, is $3200 of which $1000 was prepaid in 2015.The amount paid in 2016 includes $400 in fees that are only charged to students in her geology program.Interest paid for the year on her student loan was $325. determine the total amount of education related tax credits that would be available for Ms. Bright in 2016?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter6: Business Expenses
Section: Chapter Questions
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During 2016, Sarah Bright attends university
for four months of full time study and 2
months of part time study.The Total tuition for
the year including ancillary fees, is $3200 of
which $1000 was prepaid in 2015.The amount
paid in 2016 includes $400 in fees that are
only charged to students in her geology
program.Interest paid for the year on her
student loan was $325. determine the total
amount of education related tax credits that
would be available for Ms. Bright in 2016?
Transcribed Image Text:During 2016, Sarah Bright attends university for four months of full time study and 2 months of part time study.The Total tuition for the year including ancillary fees, is $3200 of which $1000 was prepaid in 2015.The amount paid in 2016 includes $400 in fees that are only charged to students in her geology program.Interest paid for the year on her student loan was $325. determine the total amount of education related tax credits that would be available for Ms. Bright in 2016?
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