Following these steps: (Modified AGI - 65000)/15000,

(79000 - 65000)/15000= .9333 x 1860 = 1736

1860 - 1736 = $124

But this answer is not correct. Please let me know what I'm doing wrong!

****Tax year is 2019****

Required information Problem 6-29 (LO 6-1) [The following information applies to the questions displayed below.] Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowed $31,000 from County Bank and paid interest of $1,860. Lionel used the loan proceeds to pay his law school tuition. Calculate the amounts Lionel can deduct for interest on higher-education loans under the following circumstances: (Leave no answer blank. Enter zero if applicable.) Problem 6-29 Part-b b. Lionel's AGI before deducting interest on higher-education loans is $79,000. Deductible interest expense