In 2013,Robert,who Is Single,received His Bachelor's Degree and Started Working

In 2013,Robert,who is single,received his Bachelor's degree and started working.In 2014,he began paying interest on qualified education loans and had modified AGI of $70,000.He paid interest of $1,200 in 2014.Which of the following statements is correct?

A) The full $1,200 is deductible in arriving at adjusted gross income.
B) Taxpayers are not allowed a deduction for education loan interest in 2014.
C) If his modified AGI had been $75,000,the phase-out rules would have reduced his deductible interest to zero.
D) Due to the phase-out rules,only a portion of the $1,200 will be deductible.

Correct Answer:

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