The Maximum Amount of the Deduction for Student Loan Interest

question 78

Multiple Choice

The maximum amount of the deduction for student loan interest for an eligible taxpayer is limited in the 2016 tax year to:

• A)$2,500.
• B)$2,350.
• C)$2,000.
• D)$1,500.

---

Definitions:

Sherman Act

The Sherman Act is a foundational antitrust law in the United States that prohibits monopolistic practices and promotes competition.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets.

Interlocking Directorates

When one person serves on the boards of at least two competing firms.

ALCOA Case

A landmark antitrust case in the United States involving the Aluminum Company of America, which set standards for monopolistic practices.