Martha graduated from Tassle Tech and immediately started working as an accountant for Creedon Industries. To finance
Question:
a. What amount can Martha deduct as student loan interest?
b. Assume that Martha borrowed $32,000 to finance her education and paid interest during the year of $2,700. What amount can she deduct as student loan interest?
c. Assume the same facts as in part a, except that Martha's adjusted gross income is $70,000. What amount can she deduct as student loan interest?
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Related Book For
Concepts In Federal Taxation 2017
ISBN: 9781305965119
24th Edition
Authors: Kevin E. Murphy, Mark Higgins
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