Question
38. Shannon has investment expenses in the amount of $1,354 that she wants to deduct on a Schedule A.Her income for the year is listed
38. Shannon has investment expenses in the amount of $1,354 that she wants to deduct on a Schedule A.Her income for the year is listed below.Determine the amount of Shannon's investment interest deduction.
Wages$57,500 Savings account interest200 Checking account interest124 Dividends34 Reinvested dividend119
a) $477
b) $996
c) $358
d) $1,354
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
