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Raafiq's monthly mortgage payment was 1500 last year and on average , 12% of each payment was interest. Of raafiq itemizes deductions on his federal income tax return, how …

Raafiq's monthly mortgage payment was 1500 last year and on average , 12% of each payment was interest. Of raafiq itemizes deductions on his federal income tax return, how …
asked 188k views
5 votes
Raafiq's monthly mortgage payment was 1500 last year and on average , 12% of each payment was interest. Of raafiq itemizes deductions on his federal income tax return, how much can he deduct for mortgage interest?

asked
User Akhalsa
by
7.8k points

2 Answers

4 votes

Answer:

2160

Explanation:

1500 times .12 is 180

10 times 12 is 2160

answered
User Manjunath Manoharan
by
7.7k points
7 votes

Answer:

$2160

Explanation:

answered
User Cristian Tr
by
8.4k points
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