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Max paid $5,000 of tuition for him to attend a private university this year. How much of this payment can Mason deduct as a tuition
Max paid $5,000 of tuition for him to attend a private university this year. How much of this payment can Mason deduct as a tuition and fee deduction for AGI if he files single and reports modified AGI of $60,000?
a. | $5,000 | |
b. | $4,000 | |
c. | $2,000 | |
d. | $0 | |
e. | None of these. |
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