This Year Riley Files Single and Reports AGI of $71,000

question 63

Multiple Choice

This year Riley files single and reports AGI of $71,000. Riley paid $1,200 of interest on a qualified education loan. What amounts can Riley deduct for qualifying education interest?

• A) The deduction for qualifying education interest is $1,200.
• B) The deduction for qualifying education interest is $1,000.
• C) The deduction for qualifying education interest is $720.
• D) The deduction for qualifying education interest is $200.
• E) None of these.

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Definitions:

Responsiveness

The quality of reacting quickly and positively, or the degree to which a system or living organism responds to a stimulus or environment.

Epigenetic Effect

Changes in gene expression caused by mechanisms other than changes in the DNA sequence, influenced by environmental factors, behaviors, and lifestyle.

Chemical Marks

Biologically significant molecules that attach to DNA or proteins and play a role in gene expression and regulation.

DNA

Deoxyribonucleic acid, a molecule containing the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.