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1. During 2018, Florence paid the following interest charges: Home mortgage $3,100 On loan to purchase a new car 350 Interest on a student loan
1. During 2018, Florence paid the following interest charges:
Home mortgage | $3,100 |
On loan to purchase a new car | 350 |
Interest on a student loan | 700 |
If Florence itemizes her deductions for 2018, the amount deductible as interest expenses as an itemized deduction is:
a. $4,150.
b. $3,800
c. $3,450
d. $3,100
e. None of the above
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