The Maximum Amount of the Deduction for Student Loan Interest

question 76

Multiple Choice

The maximum amount of the deduction for student loan interest for an eligible taxpayer is limited in the 2014 tax year to:

• A)$1,500.
• B)$2,000.
• C)$2,350.
• D)$2,500.

---

Definitions:

Distal Stimuli

Objects and events in the external world that provide the basis for sensory input.

Proximal Stimuli

The patterns of stimuli from objects and events that actually reach your senses like the light hitting the retina or sound waves hitting the eardrum.

Top-Down Processing

A cognitive process that starts with the brain applying what it knows and what it expects to perceive and interpret sensory information.

Bottom-Up Processing

A cognitive approach in which perception starts with an incoming stimulus and builds upwards without preconceived knowledge of what is being observed.