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

question 39

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 and reports modified AGI of $60,000 (assume the 2016 rules apply for purposes of the qualified education expense deduction) ?

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

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Definitions:

Temperament

The inherent part of an individual's personality, including disposition and emotional reactivity, often noticeable from a very young age.

Genome

The complete set of DNA, including all of its genes, in an organism or cell.

Extraversion

Extraversion is a personality trait characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, irritability, and sadness.