Tom, Whose MAGI Is $40,000, Paid $3,500 of Interest on a Qualified

question 41

True/False

Tom, whose MAGI is $40,000, paid $3,500 of interest on a qualified student loan in 2019.He is single and may deduct the $3,500 interest as an itemized deduction.

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Definitions:

Red Algal Ancestor

The ancient progenitor of current red algae species, suggesting a common lineage from which modern red algae have evolved.

Land Plants

Organisms that are part of the kingdom Plantae, characterized by their ability to perform photosynthesis and live predominantly on land.

Causal Organism

A pathogen or microorganism that causes disease or illness in its host.

Protozoa

An informal group of unicellular, animal-like protists, including amoebas, foraminiferans, actinopods, ciliates, flagellates, and apicomplexans. (The adjectival form is protozoan.)