Multiple Choice
Shane and Alyssa (a married couple) have AGI of $345,000 in 2016.They bought a house this year and paid $16,000 of interest expense on the mortgage and paid $6,500 of property taxes.They will be allowed a deduction from AGI of
A) $16,200.
B) $22,500.
C) $14,947.
D) $21,489.
Correct Answer:
Verified
Correct Answer:
Verified
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