Carolyn Is Single and Has a College Degree in Finance

Multiple Choice

Carolyn is single and has a college degree in finance.She is employed as a loan officer at a bank; her yearly AGI approximates $50,000.During the year, she enrolled in a weekend MBA program and incurred the following nonreimbursed expenses: $3,900 (tuition) , $300 (books) , $200 (other school supplies) , and $200 (transportation to and from campus) .Disregarding the 2%-of-AGI limitation, as to the MBA program, Carolyn has a:

A) Deduction for and deduction from AGI of $0.
B) Deduction for AGI of $4,000 and deduction from AGI of $600.
C) Deduction for AGI of $3,900 and deduction from AGI of $700.
D) Deduction for AGI of $4,100 and deduction from AGI of $500.
E) None of the above.