Charles Wolfe purchased the following long-term investments at par during the year:
$20,000 general obligation bonds of Burlington County (wholly tax-exempt)
$10,000 debentures of Arrow Corporation
Wolfe financed these purchases by obtaining a $30,000 loan from Union National Bank. For the year, Wolfe made the following interest payments:
Union National Bank Qualified residence interest on home mortgage
Interest on credit card charges
$3,600
3,000 500
Wolfe’s net investment income for the year was $10,000. What amount can Wolfe utilize as interest expense in calculating itemized deductions for the year?
A. $3,000
B. $4,200
C. $4,700
D. $7,100

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.