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This year, Jong paid $3,000 of interest on a qualified education loan. Jong files married filing jointly and reports modified AGI of $167,000. What is

This year, Jong paid $3,000 of interest on a qualified education loan. Jong files married filing jointly and reports modified AGI of $167,000. What is Jong's deduction for interest expense on an educational loan?

a. $2,500

b. $3,000

c. $1,500

d. $1,000

e. None of the choices are correct.

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