Carrie, a single taxpayer, finished her undergraduate degree using money from a student loan. She earned $56,000
Question:
Carrie, a single taxpayer, finished her undergraduate degree using money from a student loan. She earned $56,000 her first year and paid $2,600 in interest in 2020. She can take a deduction for student loan interest in the amount of:
a. $2,600
b. $2,500
c. $1,500
d. $0
e. None of the above
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Related Book For
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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