subject
Business, 24.06.2020 18:01 diamondalize21p84czi

Margaret Lindley paid $15,030 of interest on her $300,300 acquisition debt for her home (fair market value of $500,300), $4,030 of interest on her $30,030 home-equity loan which was towards the purchase of a personal-use automobile, $1,030 of credit card interest, and $3,030 of interest on a loan used for the purchase of stock. Assume that Margaret Lindley has $10,030 of interest income this year and no investment expenses. How much of the interest expense may she deduct this year

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 06:30
"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n.v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):
Answers: 1
question
Business, 22.06.2019 15:30
Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false
Answers: 1
question
Business, 22.06.2019 21:30
Which is the most compelling reason why mobile advertising is related to big data?
Answers: 1
question
Business, 22.06.2019 22:00
Acontinental polar air mass foms where
Answers: 1
You know the right answer?
Margaret Lindley paid $15,030 of interest on her $300,300 acquisition debt for her home (fair market...
Questions
question
Mathematics, 09.06.2021 20:40
question
Biology, 09.06.2021 20:40
question
Mathematics, 09.06.2021 20:40
question
Social Studies, 09.06.2021 20:40
question
Mathematics, 09.06.2021 20:40
Questions on the website: 13722367