Multiple Choice $7-14$

Education Tax Credits $($LO $7\mathrm{.}5)$

The American Opportunity tax credit is $100$ percent of the first $\_\_\_\_\_\_$ of tuition and fees paid plus $25$ percent of the next $\_\_\_\_\_\_.$

a$.$ $$1,100$; $$5,500$

b$.$ $$1,100$; $$550$

c$.$ $$2,000$; $$2,000$

d$.$ $$600$; $$1,200$

e$.$ None of these amounts are correct.