This Year,Jong Paid $3,000 of Interest on a Qualified Education

question 106

Multiple Choice

This year,Jong paid $3,000 of interest on a qualified education loan.Jong files married filing joint and reports modified AGI of $147,000.What is Jong's deduction for interest expense on an educational loan?

• A)$2,500.
• B)$3,000.
• C)$1,500.
• D)$1,000.
• E)None of the choices are correct.

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Reductions in per unit costs achieved through increased levels of production.

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