Grace Is a Single Medical Student at State University, a Qualified

question 71

Multiple Choice

Grace is a single medical student at State University, a qualified educational institution. This year Grace paid university tuition of $12,000. Grace works part-time at the University library, and this year she reports $15,000 of salary and no other items of income or expense. Which of the following is a true statement?

• A) Grace can deduct all of her tuition for AGI as a business expense.
• B) Grace can deduct all of her tuition as a miscellaneous itemized deduction.
• C) Grace can only deduct half of her tuition for AGI as a business expense.
• D) Grace can only deduct half of her tuition as a miscellaneous itemized deduction.
• E) All of the above are false.

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Definitions:

Death of a Loved One

A deeply emotional and distressing experience resulting from the passing away of someone close or significant to an individual.

Two Years

A period equivalent to 24 months, a significant timeframe in early development marked by rapid changes in motor, cognitive, and social skills.

Terminally Ill Person

An individual diagnosed with a disease that is incurable and expected to lead to death.

Americans

People who are citizens of or living in the United States.