<span>You are working in the production stage of problem-solving if
you are figuring out all the ways that you can do and make just to come
up with the money you need to buy the used car you saw advertised in the
newspaper.</span>
D---in a workplace, it's a job shadow, so you have to be where the job takes place
Answer:
Allison can maximize her tax benefits by taking the Lifetime Learning Credit which results in a $300 tax credit.
Explanation:
Education credit:
Allison doesn't qualify for the American Opportunity Tax Credit (AOTC) since that only covers the first four years of college and even if she never attended college before, she would need to be enrolled at least half time.
She qualifies for the Lifetime Learning Credit (LLC) but it only covers 20% of the first $10,000 of expenses, in this case = $1,500 x 20% = $300 benefit
Tuition and fees deduction:
Allison can deduct $1,500 from her gross income = $1,500 x 15% tax rate = $225 benefit
You can create a budget plan to cut out the risks of any unneeded financial expenses and to know that you should pay for things you need before you pay for unneeded items.
