Martha Is Single and Graduated from Ivy Tech in May

question 49

Short Answer

Martha is single and graduated from Ivy Tech in May of 2012.In January of 2013,she begins repaying her student loans and pays interest on the loans of $2,600 in 2013 and $1,200 in 2014.Her adjusted gross income in 2013 is $63,000 and is $80,000 in 2014.Martha can deduct student loan interest of
$\begin{array}{ll}2013 & 2014\\a.\$-0-& \$-0- \\b.\$ 2,000 & \$ 1,200 \\c.\$ 2,500 & \$ 1,200 \\d.\$ 2,000 & \$-0- \\e.\$ 2,500& \$ -0- \\\end{array}$

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Definitions:

Urinary Bladder

A hollow muscular organ that stores urine from the kidneys before it is excreted from the body.

Sympathetic Nervous System

Part of the autonomic nervous system that activates the body's fight or flight response to stress or emergency situations.

Digestive Activity

The process of breaking down food by mechanical and enzymatic action in the alimentary canal into substances that can be used by the body.

Sexual Arousal

The physiological and psychological state of being stimulated or excited sexually, which can lead to sexual desire and potentially sexual activity.