Melba Incurred the Following Expenses for Her Dependent Daughter During
Question 87
Question 87
Multiple Choice
Melba incurred the following expenses for her dependent daughter during the current year: Payment of principal on daughter’s automobile loan Payment of interest on above loan Payment of daughter’s property taxesPayment of principal on daughter’s personal residence loan Payment of interest on daughter’s personal residence loanHow much may Melba deduct in computing her itemized deductions? $3,6002,9001,8002,8007,00
A) $0 B) $8,800 C) $11,700 D) $18.100 E) None of these
Correct Answer:
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