Ken paid the following amounts for interest during 2012: Qualified interest on home mortgage...........................................$4,700 Auto loan interest.....................................................................850

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Ken paid the following amounts for interest during 2012:

Qualified interest on home mortgage...........................................$4,700

Auto loan interest.....................................................................850

''Points'' on the mortgage for acquisition of his personal residence...........300

Service charges on his checking account............................................40

Mastercard interest....................................................................300

Calculate Ken's itemized deduction for interest on the following portion of Schedule A.

Ken paid the following amounts for interest during 2012:
Qualified interest
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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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