In 2017, Rusty paid $5,000 of interest on a qualified education loan. Rusty is not claimed as a dependent by another taxpayer. What is the maximum deduction available to him for the education loan interest?

Suppose a company uses trade credit with the terms of 2/10, net 50. If the company pays their account on the 50th day, the effective borrowing cost of skipping the discount on day 10 is closest to:

A. 14.9%. B. 15.0%. C. 20.2%.

Calculate the return on sales for Matt-Brine Inc., which has a net marketing contribution of $450 million and total sales of $800 million. The other expenses, including interest and taxes, amount to $250 million

A) 25% B) 20% C) 30% D) 10% E) 45%