Shane and Alyssa (A Married Couple)have AGI of $345,000 in 2017.They

question 59

Multiple Choice

Shane and Alyssa (a married couple) have AGI of $345,000 in 2017.They bought a house this year and paid $16,000 of interest expense on the mortgage and paid $6,500 of property taxes.They will be allowed a deduction from AGI of

• A)$21,489.
• B)$22,500.
• C)$19,995.
• D)$21,564.

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Definitions:

Criminals

Individuals who have committed acts that are in violation of societal laws or norms.

European Middle Class

A socio-economic group in Europe typically characterized by moderate wealth, educational attainment, and a degree of cultural influence.

Atlantic Slave Trade

The historical trade of African peoples, forcibly transported to the Americas as slaves by European traders from the 16th to the 19th centuries.

Portuguese

Relating to Portugal or its people, language, or culture, a Southern European country on the Iberian Peninsula.