Max, a single taxpayer, has a $320,000 loss from his sole proprietorship in 2023 . How much of this loss is deductible after considering the excess business loss rules? Multiple Choice $320,000 $289,000 $31,000 $0 None of the choices are correct. This year, Jong paid $3,000 of interest on a qualified education loan. Jong files married filing jointly and reports modified AGI of $167,000. What is Jong's deduction for interest expense on an educational loan? Multiple Choice $2,500 $3,000 $1,500 $1,000 None of the choices are correct. EXHIBIT 6-11 Standard Deduction Amounts* dependents. Andres and Lakeisha are married and file jointly. Andres is 72 years old and in good health. Lakeisha is 62 years old and blind. What amount of standard deduction can Andres and Lakeisha claim in 2023? Use Multiple Choice $30,700 $31,400 $29,550 $27,700 None of the choices are correct. Max, a single taxpayer, has a $320,000 loss from his sole proprietorship in 2023 . How much of this loss is not deductible after considering the excess business loss rules? Multiple Choice $320,000 $289,000 $31,000 $0 None of the choices are correct. Max, a single taxpayer, has a $320,000 loss from his sole proprietorship in 2023 . How much of this loss is deductible after considering the excess business loss rules? Multiple Choice $320,000 $289,000 $31,000 $0 None of the choices are correct. This year, Jong paid $3,000 of interest on a qualified education loan. Jong files married filing jointly and reports modified AGI of $167,000. What is Jong's deduction for interest expense on an educational loan? Multiple Choice $2,500 $3,000 $1,500 $1,000 None of the choices are correct. EXHIBIT 6-11 Standard Deduction Amounts* dependents. Andres and Lakeisha are married and file jointly. Andres is 72 years old and in good health. Lakeisha is 62 years old and blind. What amount of standard deduction can Andres and Lakeisha claim in 2023? Use Multiple Choice $30,700 $31,400 $29,550 $27,700 None of the choices are correct. Max, a single taxpayer, has a $320,000 loss from his sole proprietorship in 2023 . How much of this loss is not deductible after considering the excess business loss rules? Multiple Choice $320,000 $289,000 $31,000 $0 None of the choices are correct