Elance Exams Answers PDF file

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Which of the following statements is NOT true regarding tax benefits for education?

The Hope credit, also known as the American Opportunity Credit, can only be claimed for each of the first 4 years of post-secondary education.
The Hope credit cannot be claimed if the student has been convicted of a federal or state felony offense consisting of the possession or distribution of a controlled substance.
Room and board expenses are eligible for both the Hope and Lifetime Learning credit.
Tuition and tuition-related fees, books, and other required course materials expenses qualify for the Hope credit.
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