Chad is single and employed as a clerk. Chad earned $36,000 in wages, and had no
ID: 2458553 • Letter: C
Question
Chad is single and employed as a clerk.
Chad earned $36,000 in wages, and had no other income.
In 2015, he took a computer class at the local university to improve his job skills.
Chad has a receipt showing he paid $1,095 for tuition. He paid for all his educational expenses and did not receive any assistance or reimbursement.
He paid $350 for a course book from an online bookseller. Purchase of the book was not a requirement of enrollment.
Chad paid $90 for a parking permit. It was not a requirement of enrollment.
Chad does not have enough deductions to itemize.
He is a U.S. citizen with a valid Social Security number.
2015 Advanced Exam - Scenario 4: Chad Forsyth - Question 2 of 2. Interview NotesChad is single and employed as a clerk.
Chad earned $36,000 in wages, and had no other income.
In 2015, he took a computer class at the local university to improve his job skills.
Chad has a receipt showing he paid $1,095 for tuition. He paid for all his educational expenses and did not receive any assistance or reimbursement.
He paid $350 for a course book from an online bookseller. Purchase of the book was not a requirement of enrollment.
Chad paid $90 for a parking permit. It was not a requirement of enrollment.
Chad does not have enough deductions to itemize.
He is a U.S. citizen with a valid Social Security number.
9. How much does Chad have in qualified educational expenses for the lifetime learning credit? $________.(Do not enter dollar signs, commas, periods, or decimal points in your answer.)
Explanation / Answer
qualified educational expenses for the lifetime learning credit = $ 1445
Tuition expense = $1,095
Books exp. = $350
Total =$ 1445