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

Question 39

Multiple Choice

Max paid $5,000 of tuition for him to attend a private university this year.  How much of this payment can Max deduct as a qualifying education expense if he files single and reports modified AGI of $60,000 (assume the 2016 rules apply for purposes of the qualified education expense deduction) ?


A) $5,000.
B) $4,000.
C) $2,000.
D) $0.
E) None of the choices are correct.

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