In 2012 Michelle, Single, Paid $2,500 Interest on a Qualified

question 96

True/False

In 2012 Michelle, single, paid $2,500 interest on a qualified student loan.Her MAGI was $70,000.She may deduct the $2,500 of interest as a deduction for AGI.

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Definitions:

Incubation

A period of subconscious processing that contributes to problem-solving and creative thinking, often occurring after a period of active work on a problem.

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions.

Convergent Thinking

A thought process that aims at arriving at a single, correct solution to a problem.

Affinitizing

The process of grouping related information or ideas into categories to better analyze or understand them.