Question: Mary is an 1 8 - year - old full - time student at Midwest University. Her parents claim her as a dependent on their

Mary is an 18-year-old full-time student at Midwest University. Her parents claim her as a dependent on their tax return. Mary has $20,000 in unearned income this tax year. Her education expenses are as follows:
Tuition: $1,000
Books and supplies: $1,000
Room and board: $4,000
Computer required by Midwest University: $1,500
Fees: $650
Transportation: $1,000
What American Opportunity Tax Credits and Lifetime Learning Credits can Mary claim on her personal tax return this year for education expenses?
A)
She may claim a $2,000 Lifetime Learning Credit and a $2,500 American Opportunity Tax Credit.
B)
She is not eligible to claim either education tax credit.
C)
She can only claim a $2,500 American Opportunity Tax Credit.
D)
She can claim either the $2,000 Lifetime Learning Credit or the $2,500 American Opportunity Tax Credit.

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