Max Paid $5,000 of Tuition for Him to Attend a Private

question 71

Multiple Choice

Max paid $5,000 of tuition for him to attend a private university this year. How much of this payment can Mason deduct as a qualifying education expense if he files single and reports modified AGI of $60,000?

• A)$5,000.
• B)$4,000.
• C)$2,000.
• D)$0.
• E)None of the abovE.The deduction is limited to $4,000 for single taxpayers with modified AGI of $65,000 or less.

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