Marcus is attending State University full time and is in his second year at university. He received a scholarship to help with his school expenses. The scholarship is $5,000 and is all used to pay part of his tuition. His total education costs are $8,550 for tuition, books and required school fees. Marcus has never been convicted of a felony drug charge. 

What will the American Opportunity Tax credit be based on his education costs?

Answer rating: 100% (QA)

The American Opportunity Tax Credit AOTC is based on qualified ... View the full answer