Item$12$

$5$points

Time Remaining $1$ hour $4$ minutes $38$ seconds

$01$:$04$:$38$

Item $12$

Time Remaining $1$ hour $4$ minutes $38$ seconds

$01$:$04$:$38$

Which of the following is not true of the lifetime learning credit?

Multiple Choice

It is a nonrefundable credit.

The credit can be claimed by taxpayers who have graduated from college and are taking professional training courses to improve their job skills.

A taxpayer with multiple dependents can claim a credit for each dependent's qualifying expenses.

The credit is subject to phase$-$out based on the taxpayer's AGI.