This Year Riley Files Single and Reports Modified AGI of $71,000

question 16

Multiple Choice

This year Riley files single and reports modified AGI of $71,000. Riley paid $1,200 of interest on a qualified education loan. What amounts can Riley deduct for qualifying education interest?

• A) The deduction for qualifying education interest is $1,200.
• B) The deduction for qualifying education interest is $1,000.
• C) The deduction for qualifying education interest is $720.
• D) The deduction for qualifying education interest is $200.
• E) None of the choices are correct.

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Definitions:

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A legitimate and authentic sequence or series of processes through which something is delivered or made available.

Prejudice

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Ambiguous Information

Data or messages that can be understood or interpreted in more than one way, often leading to confusion or multiple meanings.

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