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

question 53

Multiple Choice

Max paid $5,000 of tuition for him to attend a private university this year. How much of this payment can Mason deduct as a qualifying education expense if he files single and reports modified AGI of $60,000 (assume the 2013 rules apply for purposes of the qualified education expense deduction) ?

• A) $5,000
• B) $4,000
• C) $2,000
• D) $0
• E) None of these.

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Definitions:

Explicit Prejudice

Openly expressed negative attitudes or beliefs toward a group or its members based on their perceived characteristics.

Group Polarization

The phenomenon where discussions within a group lead to the adoption of more extreme positions or attitudes than the initial inclinations of its members.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Social Facilitation

The tendency for people to perform tasks better when they are in the presence of others.