Maria bought a watch that cost her $10,000 as a birthday present. You used your...
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Accounting
Maria bought a watch that cost her $10,000 as a birthday present. You used your credit card to make the purchase. For the taxable year, your adjusted gross income was $ 90,000. You paid $ 1,200 interest on the amount owed on your credit card for a late payment. What is the amount you can deduct for the interest paid on your credit card? (Ctrl)
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