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Can i please get some assistance on these problems? I am having trouble understanding this material. ACC 230 Federal Taxes Student Loan Interest problems: 1.

Can i please get some assistance on these problems? I am having trouble understanding this material.

image text in transcribed ACC 230 Federal Taxes Student Loan Interest problems: 1. Erin, who files as a single individual, has a modified AGI of $37,000. She paid $737 of qualified student loan interest and receives a 1098e statement from American Education Services (AES) stating that. How much may Erin deduct on her Form 1040? 2. During 2010, Jeremy paid $800 in interest on a qualified student loan. Jeremy files a joint return with his wife. Their modified AGI is $145,000. What is the amount of Jeremy's student loan interest deduction? 3. During 2010, Laura paid interest of $2620 on a qualified student loan. Laura is single. Her modified AGI is $71,400. How much can Laura deduct as student loan interest on her tax return? 4. During 2011, Ismael paid $580 interest on a qualified student loan. He files his tax return as a single taxpayer. His modified AGI is $95,812. What is Ismael's deduction for student loan interest? 5. Coco and Igor file a joint return. Their MAGI is $119,700. Coco has paid $2510 in qualified student loan interest. What is their deduction for student loan interest

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