Please assist with this questions

Exercise 10:35 (Algorithmnk) (LO. 2) The whitemoths plan to purchase a house and would live to determine the after-tax cost of financing its purchase. Given their projected taxable Income. the Wimarks are In the 24%% Federal Income tax bracket and the B'% state Income tax bracket fun, an appropete mapisal the bracket of 33%j. Assume that the Wilmoth wil benefit from temiring their deductions for both Federal and wake tax purposes. The total cash outday during the first year of ownership wil be 1:39,400 (12,130 principal payments, 128,4-10 qualified residence harvest If required, round your interim calculation to nearest dollar. As a moult By hind your after tax cost of financing the purchase of the home wil be f port of a horse purchase wil be reduced by the in sergi ampointed with they Found in deduction MacBook Air E O y I LLCustomer Service Repr.. VitalSource Bookshelf:. 88 CASE The Drug Tes.. Netflix Connect CengageNOWv2 | Onli... Miller owns eBook Exercise 10-6 (Algorithmic) (LO. 2) Miller owns a personal residence with a fair market value of $370,100 and an outstanding first mortgage of $296,080, which was entirely used to acquire the residence. This year Miller gets a home equity loan of $18,505 to purchase a new fishing boat. How much of this mortgage debt is treated as qualified residence indebtedness? Previous Next Check My Work Submit Assignment for Grading All work saved. Email Instructor Save and Exit MacBook Air F12 F6 FB F9 F10 20 F3 BOO FA F5 A & O dele 8 5 6 CO R T Y U O P W E K S D F G H .U V B IN M X C