subject
Business, 04.10.2019 19:10 ALGEBRAHELP9504

Margaret lindley paid $15,170 of interest on her $301,700 acquisition debt for her home (fair market value of $501,700), $4,170 of interest on her $30,170 home-equity loan, $1,170 of credit card interest, and $3,170 of margin interest for the purchase of stock. assume that margaret lindley has $10,170 of interest income this year and no investment expenses. how much of the interest expense may she deduct this year?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:30
You invest all the money you earned during your summer sales job (a total of $45,000) into the stock of a company that produces fat and carb-free cheetos. the company stock is expected to earn a 14% annual return; however, 5 years later it is only worth $20,000. turns out there wasn't as much demand for fat and carb-free cheetos as you had hoped. what is the annual rate of return on your investment?
Answers: 1
question
Business, 22.06.2019 08:30
Hi inr 2002 class! i just uploaded a detailed study guide for this class. you can check-out a free preview by following the link below feel free to reach-out to me if you need a study buddy or have any questions. goodluck!
Answers: 1
question
Business, 22.06.2019 11:20
Camilo is a self-employed roofer. he reported a profit of $30,000 on his schedule c. he had other taxable income of $5,000. he paid $3,000 for hospitalization insurance. his self-employment tax was $4,656. he paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. what is the amount camilo can deduct in arriving at adjusted gross income (agi)?
Answers: 2
question
Business, 22.06.2019 17:30
Gary lives in an area that receives high rainfall and thunderstorms throughout the year. which device would be useful to him to maintain his computer?
Answers: 2
You know the right answer?
Margaret lindley paid $15,170 of interest on her $301,700 acquisition debt for her home (fair market...
Questions
question
Mathematics, 04.09.2020 18:01
question
Computers and Technology, 04.09.2020 18:01
question
Physics, 04.09.2020 18:01
question
Chemistry, 04.09.2020 18:01
question
Chemistry, 04.09.2020 18:01
Questions on the website: 13722363