During 2011,Mary,a Single Taxpayer,had $3,750 of Interest Expense from a Qualified

question 16

Multiple Choice

During 2011,Mary,a single taxpayer,had $3,750 of interest expense from a qualified education loan.Mary's modified adjusted gross income was $52,000.How much of the $3,750 is deducted for adjusted gross income?

• A)$0
• B)$2,000
• C)$2,500
• D)$3,750

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Definitions:

Crete

The largest and most populous of the Greek islands, known for its rich mythology, history, and as the center of the Minoan civilization.

Knossos

The largest Bronze Age archaeological site on Crete, associated with the ancient Minoan civilization and the myth of the Minotaur and the Labyrinth.

Minoan Column

Characterized by its tapered shape and capital painted in vivid colors, this type of column is a distinctive feature of ancient Minoan architecture from Crete.

Lotus Capital

Architectural element typically found in ancient Egyptian and Indian buildings, characterized by a capital that resembles a lotus flower, symbolizing purity and creation.