Question
Shaun and Troy are married and file a joint return. In 2020, Troy pays $6000 of interest, made of $4000 on his student loans and
Shaun and Troy are married and file a joint return. In 2020, Troy pays $6000 of interest, made of $4000 on his student loans and $2000 on his car loan. Shaun & Troys modified AGI for 2020 is $150,000. How much interest can they deduct in 2020?
a. $0
b. $833
c. $1333
d. $2000
e. None of these
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The Internal Auditing Handbook
Authors: K. H. Spencer Pickett
3rd Edition
0470518715, 978-0470518717
