Register
Raafiq's monthly mortgage payment was 1500 last year and on average , 12% of each payment was interest. Of raafiq itemizes deductions on his federal income tax return, how much can he deduct for mortgage
188k views
5 votes
Raafiq's monthly mortgage payment was 1500 last year and on average , 12% of each payment was interest. Of raafiq itemizes deductions on his federal income tax return, how much can he deduct for mortgage interest?

User Akhalsa
by
7.7k points

2 Answers

4 votes

Answer:

2160

Explanation:

1500 times .12 is 180

10 times 12 is 2160

User Manjunath Manoharan
by
7.6k points
7 votes

Answer:

$2160

Explanation:

User Cristian Tr
by
8.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.1m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!