This fall Manfred enrolled in the law school at State University (a qualified educational institution) and paid $6,200 in tuition. Until his enrollment Manfred worked as a stock broker and this year he reports $70,000 in wages. If Manfred files single and reports no other items of income or expense how much of the tuition can he deduct as a business expense?

Manfred can deduct half of his tuition for AGI.

Manfred can deduct half of his tuition as a miscellaneous itemized deduction.

Manfred can deduct $6,200 for AGI.

Manfred can deduct $6,200 as a miscellaneous itemized deduction.

None - the tuition is not deductible as a business expense.