Essay
Melanie,a homeowner,has mortgage interest of $3,000,real estate taxes of $1,500,and charitable contributions of $500.According to her filing status,a standard deduction of $5,000 is allowed.How much should Melanie deduct on her tax return?
(a)$4,700
(b)$5,000
(c)$6,700
(d)$7,700
Correct Answer:
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(b)Itemized deductions = $3,00...View Answer
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