IQ is a comparison of your test results to the results of people your own age. The average IQ is 100. If you gave 1,000 people a really hard test, your results would look like this: The higher the graph goes, the more people who have achieved that score.
Federal Student Loan Interest Deduction. A deduction is allowed for interest paid by the taxpayer, up to an annual maximum of $2,500, for a qualified education loan for both undergraduate and graduate education, subject to taxpayer income limitations. Any federal tax law changes to this deduction will not be automatically adopted.
Previously, this income was taxable to the employee instead of to the employee's family member who received the income. When scholarships, bursaries, or tuition are provided for elementary or secondary school, the fair market value (FMV) of these benefits are still a taxable benefit to the employee.ote that you can claim a deduction of the same amount on line 295. See Scholarships and Bursaries on the Revenu Quebec website topic Line 154 - Other Income. In the Quebec Income Tax Calculator, the scholarship/bursary amount would be entered in Other Income-QC and again in Other Deductions-QC.