Question
1. All business expense deductions are claimed as from AGI deductions. TRUE OR FALSE 2. This year, Jong paid $3,000 of interest on a qualified
1. All business expense deductions are claimed as "from" AGI deductions.
TRUE OR FALSE
2. This year, Jong paid $3,000 of interest on a qualified education loan. Jong files married filing jointly and reports modified AGI of $157,000. What is Jong's deduction for interest expense on an educational loan?
2500
3000
1500
1000
None of the choices are correct.
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Financial Accounting Longman Modular Texts In Business And Economics
Authors: Christopher Waterston, Anne Britton
2nd Edition
058238169X, 978-0582381698
