Multiple Choice
Melba incurred the following expenses for her dependent daughter during the current year:
Payment of principal on daughter's automobile loan
$3,600
Payment of interest on above loan
2,900
Payment of daughter's property taxes
1,800
Payment of principal on daughter's personal residence loan
2,800
Payment of interest on daughter's personal residence loan
7,000
How much may Melba deduct in computing her itemized deductions?
A) $0.
B) $8,800.
C) $11,700.
D) $18,100.
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
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