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ACC 230 Federal Taxes-Erin, who files as a single individual,
ACC 230 Federal TaxesStudent Loan Interest problems:1.Erin, who files as a single individual, has a modified AGI of $37,000. She paid$737 of qualified student loan interest and receives a 1098e statement fromAmerican Education Services (AES) stating that. How much may Erin deduct onher Form 1040?2. During 2010 – Essay Writing Service: Write My Essay by Top-Notch Writer, Jeremy paid $800 in interest on a qualified student loan. Jeremyfiles a joint return with his wife. Their modified AGI is $145,000. What is theamount of Jeremyâs student loan interest deduction?3. During 2010 – Essay Writing Service: Write My Essay by Top-Notch Writer, Laura paid interest of $2620 on a qualified student loan. Laura issingle. Her modified AGI is $71,400. How much can Laura deduct as studentloan interest on her tax return?4. During 2011, Ismael paid $580 interest on a qualified student loan. He files histax return as a single taxpayer. His modified AGI is $95,812. What is Ismaelâsdeduction for student loan interest?5. Coco and Igor file a joint return. Their MAGI is $119,700. Coco has paid $2510in qualified student loan interest. What is their deduction for student loaninterest?
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