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Sheena Maskell Sheena Maskell
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In 2010, Marcia, who is single, finished graduate school and began repaying her student loan. The proceeds of the loan were used to pay her qualified higher education expenses, and she never had any type of educational assistance or scholarships excluded from her income in the past. The amount of interest paid during the year amounted to $3,000. What is the amount and classification of her student loan interest deduction if her AGI is $65,000?
A) $825 for AGI
B) $1,675 for AGI
C) $2,500 for AGI
D) $3,000 for AGI
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Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
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Yoko900Yoko900
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Sheena M. Author
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