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12:12 a 28% Question 5 of 17. Abigayle paid $2,750 interest on a qualified student loan during 2022. She is filing a joint return with her husband, Jon, and their MAGI is $150,000. The maximum amount of student loan interest that Abigayle and Jon can deduct on their return is $833 $2,082 $2,500 $2,750 Mark for follow up Question 6 of 17. Bernice is filing a joint return and qualifies to deduct student loan interest on her 2022 tax return. The modified adjusted gross income is $146,000, and her 1098-E shows $3,900 in box 1. For 2022, the maximum student loan interest deduction she can deduct is $33 $2,417 $2,500 $3,900 Mark for follow up < Back Save/Return Later Summary Next>>

12:12 a 28% Question 5 of 17. Abigayle paid $2,750 interest on a qualified student loan during 2022. She is filing a joint return with her husband, Jon, and their MAGI is $150,000. The maximum amount of student loan interest that Abigayle and Jon can deduct on their return is $833 $2,082 $2,500 $2,750 Mark for follow up Question 6 of 17. Bernice is filing a joint return and qualifies to deduct student loan interest on her 2022 tax return. The modified adjusted gross income is $146,000, and her 1098-E shows $3,900 in box 1. For 2022, the maximum student loan interest deduction she can deduct is $33 $2,417 $2,500 $3,900 Mark for follow up < Back Save/Return Later Summary Next>>

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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12:12 a 28% Question 5 of 17. Abigayle paid $2,750 interest on a qualified student loan during 2022. She is filing a joint return with her husband, Jon, and their MAGI is $150,000. The maximum amount of student loan interest that Abigayle and Jon can deduct on their return is $833 $2,082 $2,500 $2,750 Mark for follow up Question 6 of 17. Bernice is filing a joint return and qualifies to deduct student loan interest on her 2022 tax return. The modified adjusted gross income is $146,000, and her 1098-E shows $3,900 in box 1. For 2022, the maximum student loan interest deduction she can deduct is $33 $2,417 $2,500 $3,900 Mark for follow up < Back Save/Return Later Summary Next>>
Transcribed Image Text:12:12 a 28% Question 5 of 17. Abigayle paid $2,750 interest on a qualified student loan during 2022. She is filing a joint return with her husband, Jon, and their MAGI is $150,000. The maximum amount of student loan interest that Abigayle and Jon can deduct on their return is $833 $2,082 $2,500 $2,750 Mark for follow up Question 6 of 17. Bernice is filing a joint return and qualifies to deduct student loan interest on her 2022 tax return. The modified adjusted gross income is $146,000, and her 1098-E shows $3,900 in box 1. For 2022, the maximum student loan interest deduction she can deduct is $33 $2,417 $2,500 $3,900 Mark for follow up < Back Save/Return Later Summary Next>>
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