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30 September, 14:14

Rollie's monthly mortgage payment was $2400 last year, and on average, 7% of each payment was interest. If Rollie itemizes deductions on his federal income tax return, how much can he deduct for mortgage interest?

A. $2016

B. $200

C. $168

D. $2568

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Answers (1)
  1. 30 September, 14:30
    0
    C. $168 2400x7% 2400*.07=168
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