Max Paid $5,000 of Tuition for Him to Attend a Private

question 58

Multiple Choice

Max paid $5,000 of tuition for him to attend a private university this year. How much of this payment can Max deduct as a qualifying education expense if he files single andreports modified AGI of $60,000 (assume the 2016 rules apply for purposes of the qualified education expense deduction) ?

• A) $0.
• B) $4,000.
• C) $5,000.
• D) $2,000.
• E) None of the choices are correct.

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