Lionel is an unmarried law student at State University Law School, a qualified education institution. This year Lionel borrowed $24,000 from County Bank and paid interest of $1,440. 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.)

b. Lionel's AGI before deducting interest on higher education loans is $79,000.