Amy paid the following interest expense during the current year: Qualified home mortgage interest $5,000...
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Accounting
Amy paid the following interest expense during the current year: Qualified home mortgage interest $5,000 Credit card interest $1,000 Personal bank loan interest $3,000 What is the amount of Amy's interest deduction for the current year?
a.$5,000
b.$6,000
c.$4,000
d.$3,000
e.$8,000
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