Chapter 4On the Internet Visit the web site for Internal Revenue Service; Tax Benefits for Education: http://www.irs.gov/publications/p970/ Review and explore the 2 different educational tax credits available to college students. Choose only one of the two educational credits available to students such as the American Opportunity Credit (#2 on web) and the Lifetime Learning Credit (#3 on web) Answer the following questions: 1) What is the title or name of the one tax credit you selected and the maximum amount of the tax benefit of the credit? 2) What is the specific criteria for determining who is an eligible student that can claim this type of credit? (Hint: See “Who Is An Eligible Student” – scroll up and read above the chart with arrows) 3) What specific expenses qualify for the tax credit? (Hint: Include BOTH “Qualified Education Expenses” AND “Related expenses”) 4) What are examples of five expenses which DO NOT qualify for the tax credit? (Hint: See “Expenses That Do Not Qualify” – scroll up above charts with arrows) 5) Can a taxpayer claim more than one educational credit in the same year per student?