$2,000

$5,000

$0

Flag question: Question 236

Question 2361 pts

In 2021, Amy incurred $5,000 of qualified education expenses for the Lifetime Learning Education Tax Credit. Amy qualifies for the Lifetime Learning Education Credit, but not the American Opportunity Education Tax Credit. Amy's filing status is Single. In 2021, Amy's Adjusted Gross Income was $50,000. How much of a Lifetime Learning Education Tax Credit can Amy claim in 2021 on her Federal Income Tax Return?

Group of answer choices

$2,000

$2,500

$1,000

$5,000

Flag question: Question 237

Question 2371 pts

In 2021, Cano's Adjusted Gross Income is $19,500. His filing status is Single. In 2021, he contributed $1,000 to an Individual Retirement Account, which is a qualified retirement plan. In 2021, how much of a Credit for Retirement Plan Contribution can Cano claim on his Federal Income Tax Return?

Group of answer choices

$0

$500

$1,000

$250