1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
otez555 [7]
3 years ago
6

Lewis is an unmarried law student at State University, a qualified educational institution. Last year Lewis borrowed $30,000 and

used the proceeds to pay his university tuition. This year Lewis paid $1,500 of interest on the loan. Which of the following is a true statement if Lewis reports $40,000 of salary and no other items of income or expense?
(A) Lewis can deduct all the interest on his student loan for AGI
(B) Lewis can deduct all the interest on his student loan as an itemized deduction
(C) Lewis can only deduct $1000 of the interest on his student loan for AGI
(D) Lewis can only deduct $1000 of the interest on his student loan as an itemized deduction
(E) All of the aboves are false
Social Studies
2 answers:
Anna [14]3 years ago
6 0

Answer:

(A) Lewis can deduct all the interest on his student loan for AGI

Explanation:

Lewis is an unmarried law student at State University, a qualified educational institution. Last year Lewis borrowed $30,000 and used the proceeds to pay his university tuition. This year Lewis paid $1,500 of interest on the loan. Lewis can deduct all the interest on his student loan for AGI if he reports $40,000 of salary and no other items of income or expense.

wariber [46]3 years ago
4 0

Answer: the correct answer is A) Lewis can deduct all the interest on his student loan for AGI .

Explanation:

AGI stands for adjusted gross income which is your total gross income minus certain deductions. The income driven repayment plans will use your AGI to calculate your monthly payment. There's a direct relationship between your AGI and the monthly payment due on your federal student loans.

You might be interested in
Effective listeners switch between the four listening styles depending on the context. a. True b. False
kogti [31]

Answer:

a. True

Explanation:

3 0
3 years ago
A prison warden might award “time served” for which of the following?
horsena [70]

Answer:

Avoiding altercations during a prison sentence

Explanation:

test

4 0
2 years ago
Charlie is 18 and is looking into career options. He is currently deciding whether he wants to become a gourmet chef or a race c
saw5 [17]

Answer:

identity vs role confusion

Explanation:

Identity vs role confusion occurs in adolescence and represents the moment when the adolescent faces challenges related to himself, such as his future, his friends, the professional career he must follow, among other personal issues that act directly on the way the teenager is identifies and the role he wishes to play within a social context that is inserted.

5 0
3 years ago
Democracy may free the mind but who determines how that freedom will be used?
kirill115 [55]

Answer:

The government (Legislature)

Explanation:

The citizens have the fundamental right to decide who is going to lead them and basic freedom, in a Democratic system of government, but the legislative arm decides on how the freedom would be used.

5 0
3 years ago
What concepts were developed in the ancient world to make sure trade was fair?
Kipish [7]

Answer:

The Ancient Greeks´ most important economic activities are farming and trading.

Explanation:

In the Ancient World, states and nations had different measures and weight systems, they also had vastly different languages and curriences.

In order to solve this problem, and facilitate trade, some forms of standard measures and weights were invented, which applied to specific geographic areas.

The same applies to currency, where some currencies became tradable in vast geographical regions that were larger than state borders.

7 0
3 years ago
Other questions:
  • Customs, values, social institutions, art, music, dance, language, and traditions are known as _______.
    8·1 answer
  • Joana volunteers to deliver a last-minute presentation on behalf of her team. Which quality is Joana demonstrating? (for Plato)
    13·2 answers
  • Men are more involved than ever in the grocery shopping task because of _____:
    14·1 answer
  • Do large contributors have undue influence on Texas politics? In your response, provide specific examples of how large donors ha
    13·1 answer
  • All of the following information sources would be useful in voting for the president EXCEPT:
    14·2 answers
  • __________ focus on social processes, such as how people develop a self-concept and learn conforming behavior through socializat
    7·1 answer
  • "If the radio in your car uses a digital signal that charges a monthly or yearly subscription fee, what kind of radio station wo
    14·1 answer
  • Explain the services offered by different financial institutions.
    5·2 answers
  • A book is _____________ when someone in authority limits publication of or access to it.
    7·1 answer
  • Kim enjoys skiing and finds that she goes on the slopes as often as she can. Kim’s behavior may be explained by thorndike’s law
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!