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Lin and Mark are both employer by TMC IMC. Lin's salary was 35,000 and Mark's salary was $35,000. During the year they made the following
Lin and Mark are both employer by TMC IMC. Lin's salary was 35,000 and Mark's salary was $35,000. During the year they made the following interest payments: mortgage $13,000, car loan $2,000 and credit $4,000 in addition to their salaries, they had interest income of $1,500 and dividend income of $1000. What is the amount that they will be able to deduct on schedule A?
$13.000
$19,000
$515.000
$56.000
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