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The Information from IRS 6744 on 2017 Tax Returns, pg.94-103.
https://www.irs.gov/pub/irs-pdf/f6744.pdf
OR
Advanced Scenario 7: Austin Drake
29. What is the amount Austin can take as a student loan interest deduction? $_______.
30. What are Austin’s total itemized deductions on Schedule A, line 29?
a. $6,856
b. $8,056
c. $8,156
d. $8,436
31. The amount of Austin’s retirement savings contributions credit in the Tax and Credits section of Form 1040 is $120.
a. True
b. False
32. Austin is not able to pay the entire balance due by the due date of the return (without extensions). What are his options?
a. He can submit a Form 9465, Installment Agreement Request.
b. He can contact the IRS for a full pay 120-day agreement.
c. He can pay using his credit card.
d. Any of the above.
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