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Required information Problem 6-65 (LO 6-1) (Algo) [The following information applies to the questions displayed below] Lionel is an unmarried law student at State University

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Required information Problem 6-65 (LO 6-1) (Algo) [The following information applies to the questions displayed below] Lionel is an unmarried law student at State University Law School, a qualfied educational institution. This year Lionel borrowed \$25,000 from County Bank and paid interest of \$1,500. 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: Note: Leave no answer blank. Enter zero if applicable. Problem 6.65 Part-b (Algo) b. Lionel's AGI before deducting interest on higher-education loans is $84,000

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