This Year Riley Files Single and Reports Modified AGI of $71,000

question 68

Multiple Choice

This year Riley files single and reports modified AGI of $71,000. Riley paid $1,200 of interest on a qualified education loan. What amounts can Riley deduct for qualifying education interest?

• A) The deduction for qualifying education interest is $720.
• B) The deduction for qualifying education interest is $200.
• C) The deduction for qualifying education interest is $1,000.
• D) The deduction for qualifying education interest is $1,200.
• E) None of the choices are correct.

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Definitions:

Job Characteristics Model

A framework that proposes that five core job dimensions lead to critical psychological states, affecting motivation, job satisfaction, and job performance.

Growth Need Strength

The extent to which people desire to achieve higher-order need satisfaction by performing their jobs.

Core Job Characteristic

Fundamental attributes that affect an individual's work motivation, satisfaction, and performance, such as skill variety, task identity, and autonomy.

Hackman And Oldham

A theory proposed by Richard Hackman and Greg Oldham that suggests job design can influence employee motivation, satisfaction, and performance through five core job dimensions.