Melba incurred the following expenses for her dependent daughter during the current year:
$\begin{array}{llr}
\text { Payment of principal on daughter's automobile loan} &\$3,600\
\text {Payment of interest on above loan } &2,900\
\text { Payment of daughter's property taxes } &1,800\
\text { Payment of principal on daughter's personal residence loan } &2,800\
\text { Payment of interest on daughter's personal residence loan } &7,000\
\end{array}$

How much may Melba deduct in computing her itemized deductions?
A) $\$ 0$
B) $ \$8 3 , 8 0 0 .$
C) $\$11,700$
D) $\$18,100$ .
E)None of the above

Question

Melba incurred the following expenses for her dependent daughter during the current year:
$\begin{array}{llr}
  \text {  Payment of principal on daughter's automobile loan} &\$3,600\
 \text {Payment of interest on above loan  } &2,900\
 \text { Payment of daughter's property taxes } &1,800\
 \text { Payment of principal on daughter's personal residence loan } &2,800\
 \text { Payment of interest on daughter's personal residence loan } &7,000\
\end{array}$

How much may Melba deduct in computing her itemized deductions?
A) $\$ 0$
B) $ \$8 3 , 8 0 0 .$
C) $\$11,700$
D) $\$18,100$ .
E)None of the above

Quizplus · Accepted Answer

The Answer of Melba incurred the following expenses for her dependent daughter during the current year:
$\begin{array}{llr}
  \text {  Payment of principal on daughter's automobile loan} &\$3,600\
 \text {Payment of interest on above loan  } &2,900\
 \text { Payment of daughter's property taxes } &1,800\
 \text { Payment of principal on daughter's personal residence loan } &2,800\
 \text { Payment of interest on daughter's personal residence loan } &7,000\
\end{array}$

How much may Melba deduct in computing her itemized deductions?
A) $\$ 0$
B) $ \$8 3 , 8 0 0 .$
C) $\$11,700$
D) $\$18,100$ .
E)None of the above

Melba Incurred the Following Expenses for Her Dependent Daughter During