Tom, Whose MAGI Is $40,000, Paid $3,500 of Interest on a Qualified

question 99

True/False

Tom, whose MAGI is $40,000, paid $3,500 of interest on a qualified student loan in 2017. Tom is single. He may deduct the $3,500 interest as an itemized deduction.

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Definitions:

Public Relations

The method of strategic messaging that enhances reciprocal relations between institutions and their communities.

Public Affairs

A field focused on building and maintaining relationships between an organization and the public, including handling PR, communication strategies, and community engagement.

Stakeholders

People or organizations who have a “stake” in a company/organization, including employees, voters, government agencies and elected officials, customers, prospective employees, as well as customers and other similar individuals.

Chief Business Officer

A top executive responsible for overseeing the commercial strategy and development of a company, ensuring alignment with financial goals and operational capability.