Question

NOTE: TO VIEW COMPLETE QUESTION/PROBLEM(I CAN'T POST THE WHOLE THING HERE), PLEASE GOOGLE "IRS 6744" AND READ THROUGH PAGES 64 TO 73 OF THE PDF. THANK YOU VERY MUCH!

16. The total amount of qualified education expenses used in the calculation of Jennifer's 2019 American opportunity credit is:

a. $3,000

b. $3,650

c. $3,970

d. $4,000

I would greatly appreciate if anyone could answer this question. I would definitely write you a nice comment and give you an upvote if you could answer THIS problem.

Answer 1

Qualified education expenses are amounts paid for tuition, fees and other related expense for an eligible student that are required for enrollment or attendance at an eligible educational institution.
It also includes expenses for books, supplies and equipment the student needs for a course of study.

Qualified Education expenses = $7200 - $4200 + $650 = $3650

Answer is b. $3,650