Linc, age 25, is single and pays annual mortgage interest of $5,000. Linc always uses the standard
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Question:
Linc, age 25, is single and pays annual mortgage interest of $5,000. Linc always uses the standard deduction when filing his income tax return. Determine the amount of Linc's deduction for the mortgage interest paid.
$0
$1,000
$200
$2,000
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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