Question: Required information Problem 6-34 (LO 6-1) (Static) Skip to question [The following information applies to the questions displayed below.] Lionel is an unmarried law student

Required information Problem 6-34 (LO 6-1) (Static) Skip to question [The following information applies to the questions displayed below.] Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowed $24,000 from County Bank and paid interest of $1,440. 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 (Static) b. Lionel's AGI before deducting interest on higher-education loans is $79,000.

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