Ken paid the following amounts for interest during 2015: Qualified interest on home mortgage ............................ $4,700 Auto

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Ken paid the following amounts for interest during 2015:
Qualified interest on home mortgage ............................ $4,700
Auto loan interest ................................................... 850
"Points" on the mortgage for acquisition of his ................. 400
personal residence
Service charges on his checking account ......................... 40
Mastercard interest .................................................. 300
Calculate Ken's itemized deduction for interest on the following portion of Schedule A.
Ken paid the following amounts for interest during 2015:
Qualified interest
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Income Tax Fundamentals 2016

ISBN: 9781337343527

34th Edition

Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller

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