Fran paid the following amounts of interest during 2013: Qualified home mortgage interest $\quad\$ 7,000$
Automobile loan interest $\quad\$ 500$
Qualified interest on second residence $\quad \$ 5,000$
Credit card interest $\quad\$ 300$ Calculate the amount of Fran's interest deduction for 2013.

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The Answer of Fran paid the following amounts of interest during 2013: Qualified home mortgage interest $\quad\$ 7,000$
Automobile loan interest $\quad\$ 500$
Qualified interest on second residence $\quad \$ 5,000$
Credit card interest $\quad\$ 300$ Calculate the amount of Fran's interest deduction for 2013.

Fran Paid the Following Amounts of Interest During 2013: Qualified $7,000\quad\$ 7,000$7,000

Fran Paid the Following Amounts of Interest During 2013: Qualified $\quad\$ 7,000$