Question: 1. In 2011 through 2014, Korey, who is single, borrowed a total of $25,000 for higher education expenses on qualified education loans. In 2015, while

1. In 2011 through 2014, Korey, who is single, borrowed a total of $25,000 for higher education expenses on qualified education loans. In 2015, while still living at home and being claimed by his parents as a dependent, he began making payments on the loan. The first year's interest on the loan was reported as $550 and his AGI for year was less than $65,000. The amount that Korey can claim on his tax return is:

a. $0.

b. $225.

c. $340.

d. $550.

2. For 2015, the maximum aggregate annual contribution that an individual taxpayer, under age 55, can make to a Health Savings Account (HSA) for family coverage is:

a. $1,300.

b. $3,350.

c. $6,750.

d. $13,100.

3. Roger is required under a 2014 divorce decree to pay $600 of alimony and $300 of child support per month for 12 years. In addition, Roger makes a voluntary payment of $100 per month. How much of each total monthly payment can Roger deduct in 2015?

a. $100.

b. $300.

c. $600.

d. $700.

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