Multiple Choice
This year, Jong paid $3,000 of interest on a qualified education loan. Jong files married filing jointly and reports modified AGI of $152,000. 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.
Correct Answer:
Verified
Correct Answer:
Verified
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