An independent student has a modified adjusted gross income of $25,000 and qualifying educational expenses of $18,000. If the American Opportunity Tax Credit is used, what is the amount of the tax credit?

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Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.