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Akule Paid the Following Amounts of Interest in 2017: $150

Question 16

Multiple Choice

Akule paid the following amounts of interest in 2017: $150 on his personal credit card
$9,500 on his home mortgage
$750 on a personal car loan,which was not used for business
$350 on funds borrowed to purchase tax-exempt securities
What is his deductible interest for 2017?


A) $350.
B) $1,250.
C) $9,500.
D) $9,850.

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