Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowed $32,000 from County Bank and paid interest of $1,920. Lionel used the loan proceeds to pay his law school tuition. Calculate the amounts Lionel can deduct for interest on higher-education loans under the following circumstances: (Leave no answer blank. Enter zero if applicable.)
A) Lionel's AGI before deducting interest on higher education loans is $50,000
B) Lionel's AGI before deducting interest on higher education loans is $74,000
C) Lionel's AGI before deducting interest on higher education loans is $90,000
Answers: 3
Business, 21.06.2019 21:30
Unrecorded depreciation on the trucks at the end of the year is $40,000. the total amount of accrued interest expense at year-end is $6,000. the cost of unused office supplies still available at year-end is $2,000. 1. use the above information about the company’s adjustments to complete a 10-column work sheet. 2a. prepare the year-end closing entries for dylan delivery company as of december 31, 2017. 2b. determine the capital amount to be reported on the december 31, 2017 balance sheet.
Answers: 1
Business, 22.06.2019 09:50
Acar manufacturer uses new machines that automatically assemble an engine from parts fed to the system. the machine can regulate the speed ofassembly depending on the number of parts produced. which type of technology does this machine use? angenoem mense wat ons in matin en esta va ser elthe machine uses
Answers: 3
Business, 22.06.2019 14:30
You hear your supervisor tell another supervisor that a fire drill will take place later today when the fire alarm sounds that afternoon you should
Answers: 1
Business, 22.06.2019 17:30
An essential element of being receptive to messages is to have an open mind true or false
Answers: 2
Lionel is an unmarried law student at State University Law School, a qualified educational instituti...
Mathematics, 28.01.2020 23:58
Health, 28.01.2020 23:58
English, 28.01.2020 23:58
French, 28.01.2020 23:58
History, 28.01.2020 23:58
Chemistry, 28.01.2020 23:58
History, 28.01.2020 23:58
Mathematics, 28.01.2020 23:58