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  3. 1. all business expense deductions are claimed as

1. All business expense deductions are claimed as "from" AGI deductions. TRUE OR FALSE 2....

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Question

Accounting

1. All business expense deductions are claimed as "from" AGI deductions.

TRUE OR FALSE

2. This year, Jong paid $3,000 of interest on a qualified education loan. Jong files married filing jointly and reports modified AGI of $157,000. What is Jong's deduction for interest expense on an educational loan?

2500

3000

1500

1000

None of the choices are correct.

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