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Janica's monthly mortgage payment was $900 last year, and on average, 13% of each payment was interest. If Janica itemizes deductions on her federal income tax return, how much can she deduct for mortgage
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Janica's monthly mortgage payment was $900 last year, and on average, 13% of each payment was interest. If Janica itemizes deductions on her federal income tax return, how much can she deduct for mortgage interest? A. $117 B. $75 C. $1017 D. $1404

User Andrew Plotkin
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6 votes
$900 - 13% = $117 x 12 months = $1404

D. $1404
User BMichell
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