BOB AND CAROL REFINANCED THEIR SOLE RESIDENCE, VALUED AT $500,000 IN 2021. UNDER THE REFINANCING ARRANGEMENT, THEY REFINANCED THEIR $300,000 INDEBTEDNESS FOR $400,000 RECEIVING $100,000 IN CASH THAT THEY USED TO PAY FOR THEIR DAUGHTER WEDDING. WHAT PERCENT OF THE INTEREST THEY PAY ON THE REFINANCED PROPERTY ARE THEY ABLE TO DEDUCT?

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.