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John Jones incurred the following interest items for the current year:
He earned $3,000 in investment income from the investments. What is his itemized interest deduction?
Government
The governing body of a nation, state, or community, charged with regulating and administering public policy and affairs.
Essential Resource
A necessary input or resource that is fundamental for the functioning and sustainability of an economy or ecosystem.
United States
A country located in North America, known for its large economy and diverse population, characterized by significant cultural and geographic variety.
General Motors
A global corporation based in Detroit, United States, that specializes in designing, producing, marketing, and selling vehicles and their components.
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