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

Max paid $5,000 of tuition for him to attend a private university this year. How much of this payment can Mason deduct as a qualifying education expense if he files single and reports modified AGI of $60,000 (assume the 2013 rules apply for purposes of the qualified education expense deduction) ?

A) $5,000
B) $4,000
C) $2,000
D) $0
E) None of these.

Correct Answer:

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