Charde, Who Is Single, Had a Student Loan for Qualified

question 60

Multiple Choice

Charde, who is single, had a student loan for qualified education expenses on which interest was due. For 2015, the total interest payments were $2,000. Assuming she has AGI under $65,000, how much may she deduct in arriving at adjusted gross income for 2015?

• A) $2,500.
• B) $2,000.
• C) $1,700.
• D)$0.

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