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Pierre has a credit card used exclusively for his unincorporated consulting business. During the current year, he pays $2,000 in interest, a $95 annual fee,
Pierre has a credit card used exclusively for his unincorporated consulting business. During the current year, he pays $2,000 in interest, a $95 annual fee, and $150 in late charges. What is his interest deduction for the current year?
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
5th edition
978-0077924379, 77924371, 978-0078025396, 78025397, 978-0077425654, 77425650, 978-0077667061
