A recent study suggested that 70% of all eligible voters will vote in the next presidential election. Suppose 20 eligible voters were randomly selected from the population of all eligible voters. Use a binomial probability table to find the probability that more than 12 of the eligible voters sampled will vote in the next presidential election

In the current year, an unmarried individual with modified adjusted gross income of $25,000 paid $1,000 interest on a qualified education loan entered into on July 1. How may the individual treat the interest for income tax purposes?

a) As a $500 deduction to arrive at AGI for the year. b) As a nondeductible item of personal interest. c) As a $1,000 deduction to arrive at AGI for the year. d) As a $1,000 itemized deduction.

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