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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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