Retest 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 Bachelor$$s degree. For $2024,$ he paid student loan interest of $$900.$

Matt does not have any dependents.

Matt is a U$.$S$.$ citizen with a valid Social Security number.

Basic Scenario $6$: Retest Questions

What is the taxable amount of Matt's unemployment compensation?

a$.$ $$0$

b$.$ $$900$

c$.$ $$3,000$

d$.$ $$8,000$