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    Income Tax Fundamentals
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    Exam 5: Itemized Deductions and Other Incentives
  5. Question
    Janet and Andrew Paid the Following Amounts During 2011
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Janet and Andrew Paid the Following Amounts During 2011

Question 11

Question 11

Multiple Choice

Janet and Andrew paid the following amounts during 2011: Janet and Andrew paid the following amounts during 2011:   What is the maximum amount they can use as interest expense in calculating itemized deductions for 2011? A) $13,700 B) $12,500 C) $12,000 D) $10,000 E) $9,000 What is the maximum amount they can use as interest expense in calculating itemized deductions for 2011?


A) $13,700
B) $12,500
C) $12,000
D) $10,000
E) $9,000

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