Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. students attending college in the united states fi

Students attending college in the United States find themselves having to take out loans to...

70.2K

Verified Solution

Question

Accounting

Students attending college in the United States find themselves having to take out loans to attend school while obtaining their education. IRS permits a special for-AGI-deduction (above the line deduction) for student loan interest. Do you believe this is a deduction that should be made permanent? Also, do you believe that the amount offered as a maximum deduction is too high, too low, or just right? What would be the impact of changing it?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How does the endocrine system interact with the nervous system?

Biology
Q

Select an organization of interest and critically review their organizational culture related to ethics. Review also...

Psychology
Q

5 log 0 x 3 log 0 X 1 x a 2 5 b 5...

Calculus
Q

Amber Company produces iron table and...

Accounting
Q

The following data pertain to an investment proposal (Ignore income taxes.): ...

Accounting
Q

Snow White Limited manufactures office furniture that it then sells to retailers. The company has...

Accounting
Q

URGENT! Using only Income Statement accounts/amounts from the textbox, prepare, in proper accounting...

Accounting
Q

Serial Problem Business Solutions LO P1, P2, P3, P4 [The following information applies to the...

Accounting
Q

This is the part of a project report The company is Apple Inc. Question: For...

Accounting
Q

You notice that the 9-month risk free interest rates in the UK is 4% per...

Finance
Q

Balance Sheet BSW National Bank Assets Liabilities and Equity Cash and due from banks...

Finance
Q

a ? 5. Linda has been assigned to establish a PMO in her organization. Linda...

Accounting