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Amy Paid the Following Interest Expense During 2013: Qualified Home $11,000\quad \$ 11,000

Question 43

Multiple Choice

Amy paid the following interest expense during 2013: Qualified home mortgage interest $11,000\quad \$ 11,000
Credit card interest $1,000\quad\$ 1,000
Personal bank loan interest $3,000\quad\$ 3,000 What is the amount of Amy's interest deduction for 2013?


A) $3,000
B) $11,000
C) $12,300
D) $15,000
E) None of the above

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