Jamie has an undergraduate degree in finance and is employed full-time by a bank. She is taking courses at a local university leading to an MBA degree. a. Jamie wants to know if the full cost of this education deductible. Based on the reasons for the taking courses listed below, identify for Jamie whether the associated costs are "Deductible" or "Nondeductible". It is to maintain or improve existing skills required in her present job. It is to meet the minimum educational standards for qualification in her existing job. It is to qualify her for a new trade or business. It is to meet the express requirements of her employer or the requirements imposed by law to retain her employment status. b. What limitations are imposed on the deduction? deductible AGI.