S Helo Save it Submit Chico 4 Assume your home is assessed at $240,000. You have a $187.000 loan for 10 years at 5 percent. Your property tax rate is 10 percent of the assessed value in year one, you would pay $9,350 in mortgage interest and $2,400 in property tax (0 percent on $240.000 assessed value) What is the total deduction you can take on your federal income tax retur? 10 points Federal income tax deduction amount PA Hatorences