Single Taxpayer, T, who graduated from law school, pays $3,000 of interest in the current year on qualified educational loans.

(b) Same as (a), above, except T has $56000of modified adjusted gross income in the current year

(d) Same as (b), above, except that T and Spouse delay paying the $3,000 of interest (along with a $300 penalty) from the current year to succeeding year when their modified adjusted gross income is $80,000 (because Spouse ceases working) and when no other interest payments are made.

(e) Same as (a), above, except that F, Ts father makes the $3,000 payment. See Reg. Section 1.221-1(b)(4)(i), (ii) Ex. 2.