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This year Jong paid $3,000 of interest on a qualified education loan. Jong files married joint...

This year Jong paid $3,000 of interest on a qualified education loan. Jong files married joint and reports modified AGI of $152,000. What is Jong's deduction for interest expense on an educational loan?
A. $2,500
B. $3,000
C. $1,500
D. $1,000
E. None of the above.

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