Tam attended Brown University during 20162020. She lived at home and was claimed by her parents as a dependent during her entire education. She incurred education expenses of $20,000 during college, of which $3,200 was paid for by scholarships. To finance her education, she borrowed $12,000 through a federal student loan program and borrowed another $8,000 from a local lending institution for educational purposes. After graduation, she married and moved with her spouse to a distant city. In 2021, she incurred $1,200 of interest on the federal loans and $800 on the lending institution loan. She filed a joint return with her spouse showing modified AGI of $121,000. Required: What amount of student loan interest can Tam and her spouse deduct in 2021, if any? Tam's allowed deduction