Henry Graduated from the University of Maryland in 2012

question 25

Multiple Choice

Henry graduated from the University of Maryland in 2012.In 2014,to take advantage of lower interest rates,he refinanced his qualified education loans with another qualified student loan.He is not a dependent on another person's tax return.Before AGI limits,what is the maximum deduction available to him for the $3,200 he paid for educational student loan interest in 2014?

• A)$0.
• B)$2,000.
• C)$2,500.
• D)$3,000.

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Definitions:

Capitalist Market

An economic system where trade, industries, and the means of production are largely or entirely owned and operated by private individuals or corporations, driven by profit.

Hidden Curriculum

The implicit, informal lessons, values, and viewpoints that students absorb during their time in school, not necessarily part of the formal curriculum.

Obedience

The act of following orders or instructions, often from a figure of authority.

Competition

The rivalry among businesses or individuals for the acquisition of customers, market share, or resources.