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perry, a single taxpayer, graduated from law school last year with quite a bit of...

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Accounting

Perry, a single taxpayer, graduated from law school last year with quite a bit of qualified student loan debt and ends up paying $4,300 ininterest on the loan in the current tax year. Fortunately, Perry is well compensated and earns adjusted gross income of $90,000 duringthe current year. Perry may deduct his student loan interest in the current year. True False

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