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10. Shellie, a single individual, received her Bachelor's degree in 2014, and took a job with a salary of $45,000 per year. In 2015, she

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10. Shellie, a single individual, received her Bachelor's degree in 2014, and took a job with a salary of $45,000 per year. In 2015, she began paying interest on qualified education loans. She was able to pay si 500 in 2015. Which of the following statements is not correct? a. The full $1,500 is deductible in arriving at adjusted gross income (AGI) b. If her payment had been S3,000, only S2,500 would have been deductible in arriving at AGI and the $500 xcess would have been treated as nondeductible consumer interest If her income had been $80,000, the deductible amount would have been phased out Id. Taxpayers are not allowed a deduction for education loan interest in 2015

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