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Please show calculation Mike paid $4,000 of interest on a qualified education loan that he used to pay for his dependent sons college education. How

Please show calculation

Mike paid $4,000 of interest on a qualified education loan that he used to pay for his dependent sons college education. How much of this payment can Mike deduct as a for AGI deduction if he files married-joint and reports modified AGI of $160,000?

Multiple Choice:

a. $4,000

b. $2,500

c. $2,000

d. $1,250

e. None of the choices are correct - no deduction is allowed.

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