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

question 17

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 thesE.The deduction is limited to $4,000 for single taxpayers with modified AGI of $65,000 or less.

---

Definitions:

Photo App

A software application designed for editing, organizing, sharing, or capturing digital photographs on various devices.

Reward Model

A system or framework designed to provide incentives or rewards based on certain behaviors or achievements.

Crowdfunders

Individuals who collectively invest or donate small amounts of money towards a project, product, or venture typically through an online platform.

Prizes

Awards or rewards given for a specific achievement or competition.