34. Darla graduated from college two years ago, but at age 26 was still paying principal plus interest on her student loans during the current tax year. She took a ful-time academic workload throughout her college career, except for her last year when she took only half the normal full-time workload. Her modified AGI for the current tax year is $48,000 and she wil not itemize deductions. Can Darla claim a student loan interest deduction on her tax return? a) She cannot claim a student loan interest deduction because she took less than a normal full-time workload her last year of college. b) She cannot claim a student loan interest deduction because she did not attend college during the current tax year c) She can claim a student ban interest deduction for the current tax year d) She cannot claim a student loan interest deduction because she is not temizing. 35. Darla is now age 29 and her modified AGI has increased to $70,000. plus interest on her student loans during the current tax year. Can Darla claim a student loan interest on this year's tax return? She still paid principal a) She can claim a student loan interest deduction, but the amount is subject to phase-out as her income increas es b) She cannot claim the student interest deduction due to her income level c) She cannot claim a student loan interest deduction because she took less than a normal full-time workload her last year of college. d) She cannot claim a student loan interest deduction because she did not attend college during the current tax year 36. The Grays took out a student loan for their son, Joel, each year he was in college. They have taken all allowable tax benefits throughout his colege career. Joel graduated in June of the tax year, turned age 24, and provided more than haf of his own support The Grays paid principal plus interest on the student loan throughout the tax year and will continue untl it is paid off in three years. The Grays fle jointly with modified AGI of $136,000. Can the Grays claim a student loan interest deduction on their tax return? a) They can claim a student loan interest deduction for the current tax year b) They cannot claim a student loan interest deduction because they cannot claim Joel as their dependent. c) They cannot claim a student loan interest deduction due to their income level d) They cannot claim a student loan interest deduction because Joel did not attend college for more than half the current tax year 37. Regarding the Grays with $136,000 modified AGI and their son Joel, age 24, with $26,000 modified AGI, who can claim a tax benefit for tuition and fees paid during the current tax year? (Exclude Student Loan Interest Deduction from this question.) a) Only the Grays can claim the Lifetime Leaming Credit, American Opportunity Credit (if Joel qualfies), or the Tuition and Fees Deduction, whichever is more beneficial b) Only Joel can claim the Lifetime Learning Credit, the American Opportunity Credit (if he qualifies), or the Tuition and Fees Deduction, whichever is more beneficial c) Either the Grays or Joel (but not both) can claim the education tax benefit d) Nether the Grays nor Joel can claim an education tax beneft