7
QuizMultiple Choice

Tax Credits and Deductions — Quiz

Question 7 • Financial Math

Gabriela's employer offers a reimbursement program for tuition expenses. Gabriela received $⁢3,000 in reimbursement for graduate school tuition. Can Gabriela still claim the lifetime learning credit?

Answer
A
No, because it is a graduate program.
B
Yes, but only on expenses not reimbursed.
C
No, because Gabriela received a reimbursement.
D
Yes, Gabriela can claim the full amount.

Explanation

The lifetime learning credit can apply to graduate-school tuition, but expenses paid or reimbursed by an employer cannot also be used to claim the credit. Gabriela may claim the credit only for eligible tuition expenses that remain after subtracting the $3,000 reimbursement. So the correct choice is “Yes, but only on expenses not reimbursed.”

AI-written and checked against the verified answer.

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