Victor Is Single and Graduated from Wabash College in May

question 66

Multiple Choice

Victor is single and graduated from Wabash College in May of 2013. In January of 2014, he begins to repay his student loans. During the year he pays $1,500 of interest on the loans. His adjusted gross income for the year is $65,000. Victor can deduct student loan interest of

• A) $ - 0 -
• B) $ 800
• C) $1,000
• D) $1,200
• E) $1,500

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Definitions:

Ecclesia

An organized, often state-supported religion or church that claims a majority of the population as its members or adherents.

Religious Involvement

The extent to which individuals engage in practices, rituals, and activities associated with a religion, which can influence their personal lives, values, and community engagement.

Age

A measure of the amount of time an individual has lived, typically expressed in years.

Increases

The action or process of becoming larger or greater in size, quantity, intensity, or degree.