9. H and W took out a mortgage 15 years ago for $350,000 in order to purchase their home. In 2018, when the value of their home is $450,000 and the unpaid balance on their mortgage is $250,000, they took out a home equity loan for $120,000 to pay off credit card debt and to purchase a single engine airplane (loan balances totaled $70,000). What is the maximum amount of debt upor which they can claim a home equity interest deduction in 2018? a. $120,000 b. 0 c. $50,000 d. $100,000 e. None of the above 10. TP works in Massachusetts. During 2018, she had the following transactions associated with her Massachusetts state income taxes: $6,000 withheld from her pay; a $1,500 refund from her 2016 amended tax return; $3,500 paid with the filing of her 2017 state tax return. She also owns her home and paid $8,000 in real estate taxes to the town in 2018. Her total deduction for