This fall millie finally repaid her student loan. she originally borrowed the money to pay tuition several years ago, when she attended state university (a qualified educational institution). this year millie paid a total of $2,400 of interest on the loan. if millie files single and reports $75,000 of income and no other items of income or expense, how much of the interest can she deduct?

Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.