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12 Margaret Lindley paid $15,010 of interest on her $300,100 acquisition debt for her home (fair market value of $500,100). $4,010 of interest on her
12 Margaret Lindley paid $15,010 of interest on her $300,100 acquisition debt for her home (fair market value of $500,100). $4,010 of interest on her $30,010 home-equity loan $1,010 of credit card interest, and $3,010 of margin interest for the purchase of stock. Assume that Margaret Lindley has $10,010 of interest income this year and no investment expenses. How much of the interest expense may she deduct this year? 012151 Multiple Choice $18.020 523040 522030
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