Fran paid the following amounts of interest during 2018: $$\begin{array} { l r }
\text { Qualified home mortgage interest } & \$ 7,000 \
\text { Automobile loan interest } & \$ 500 \
\text { Qualified interest on second residence } & \$ 5,000 \
\text { Credit card interest } & \$ 300
\end{array}$$ Calculate the amount of Fran's interest deduction for 2018.

Question

Fran paid the following amounts of interest during 2018: $$\begin{array} { l r } 
\text { Qualified home mortgage interest } & \$ 7,000 \
\text { Automobile loan interest } & \$ 500 \
\text { Qualified interest on second residence } & \$ 5,000 \
\text { Credit card interest } & \$ 300
\end{array}$$ Calculate the amount of Fran's interest deduction for 2018.

Quizplus · Accepted Answer

The Answer of Fran paid the following amounts of interest during 2018: $$\begin{array} { l r } 
\text { Qualified home mortgage interest } & \$ 7,000 \
\text { Automobile loan interest } & \$ 500 \
\text { Qualified interest on second residence } & \$ 5,000 \
\text { Credit card interest } & \$ 300
\end{array}$$ Calculate the amount of Fran's interest deduction for 2018.

Fran Paid the Following Amounts of Interest During 2018 Calculate the Amount of Fran's Interest Deduction for 2018