Carey and Corrine are married and have two children in college. Jason is a sophomore, and Justine is a senior. They pay $2,000 for tuition and fees of Jason, $600 for his books, and $3,000 for his room and board. Justine's tuition and fees are $3,000, her book expense is $800, and her room and board expenses are $2,600. Carey and Corrine's adjusted gross income is $165,000. What amount can they claim as a tax credit for the higher education expenses they pay?

A. $0
B. $1,875
C. $3,450
D. $4,600
E. None of the given


Answer: C

Business

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