Question: Basic Scenario 6 : Matt Urban Interview Notes Matt Urban is single, 2 4 years old, and has never been married. Matt earned wages of

Basic Scenario 6: Matt Urban Interview Notes Matt Urban is single, 24 years old, and has never been married. Matt earned wages of $27,500 during the first half of the year. Matt lost his job in September and received a total of $8,000 in unemployment compensation. Matt is a barber and took a class at a local barber institute to maintain his license. He paid the cost of tuition and a course-related book. His qualified education expenses were $3,000. Matt also paid student loan interest for the courses he previously took to earn his Bachelors degree. For 2024, he paid student loan interest of $900. Matt does not have any dependents. Matt is a U.S. citizen with a valid Social Security number.
Basic Scenario 6: Test Questions 11. Matt's unemployment compensation is taxable and must be included on his 2024 tax return. a. True b. False 12. Matt is eligible for the following credit: a. Earned Income Credit b. Lifetime Learning Credit c. American Opportunity Credit d. None of the above 13. The amount of student loan interest Matt can claim as an adjustment to income is $_________.(Note: whole number only, do not use special characters.)

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