Melanie,a homeowner,has mortgage interest of $3,000,real estate taxes of $1,500,and charitable contributions of $500.According to her filing status,a standard deduction of $5,000 is allowed.How much should Melanie deduct on her tax return?
(a)$4,700
(b)$5,000
(c)$6,700
(d)$7,700

Question

Quizplus · Accepted Answer

The Answer of Melanie,a homeowner,has mortgage interest of $3,000,real estate taxes of $1,500,and charitable contributions of $500.According to her filing status,a standard deduction of $5,000 is allowed.How much should Melanie deduct on her tax return?
(a)$4,700
(b)$5,000
(c)$6,700
(d)$7,700

Melanie,a Homeowner,has Mortgage Interest of $3,000,real Estate Taxes of $1,500,and