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John paid $10,000 in mortgage interest last year. He and his wife earned $150,000 from their jobs last year. Based on their circumstances, they can deduct the mortgage interest from their taxable income,
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Jun 2, 2022
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John paid $10,000 in mortgage interest last year. He and his wife earned $150,000 from their jobs last year. Based on their circumstances, they can deduct the mortgage interest from their taxable income, meaning they only have to
pay federal income tax on what amount?
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high-school
Theglauber
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Answer:
$140,000
Step-by-step explanation:
$150,000-$10,000= $140,000
Matt Thomas
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Jun 8, 2022
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