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Natasha and Al Received a Statement Reporting That They Paid

Question 70

Multiple Choice

Natasha and Al received a statement reporting that they paid $8,000 in mortgage interest during the past year.If they are in a 28 percent tax bracket,this deduction may reduce their taxable income by:


A) $1,000.
B) $2,240.
C) $3,000.
D) $4,000.
E) $8,000.

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