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Nikitich [7]
3 years ago
15

In 2019, Jose paid the following amounts for his son to attend Big State University: Tuition $15,000 Room and board 10,500 Books

1,500 A car to use at school 6,150 Student football tickets 315 Spending money 4,640 How much of the above is a qualified higher education expense for purposes of his Qualified Tuition Program
Business
1 answer:
Rufina [12.5K]3 years ago
5 0

Answer:

$27,000

Explanation:

Calculation for how much of the above is a qualified higher education expense for purposes of his Qualified Tuition Program

Using this formula

Qualified higher education expense=Tution+Room and Board+and Books

Where,

Tuition= $15,000

Room and board= $10,500

Books= $1,500

Let plug in the formula

Qualified higher education expense=$15,000+$10,500+$1500

Qualified higher education expense=$27,000

Therefore how much of the above that is a qualified higher education expense for purposes of his Qualified Tuition Program will be $27,000.

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