Question: Required information Problem 6 - 3 4 ( LO 6 - 1 ) ( Algo ) Skip to question [ The following information applies to

Required information
Problem 6-34(LO 6-1)(Algo)
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Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowed $27,000 from County Bank and paid interest of $1,620. Lionel used the loan proceeds to pay his law school tuition. Calculate the amounts Lionel can deduct for interest on higher-education loans under the following circumstances:
Note: Leave no answer blank. Enter zero if applicable.
Problem 6-34 Part-b (Algo)
b. Lionel's AGI before deducting interest on higher-education loans is $89,000.

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