CourseLover

(12)

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About CourseLover

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Teaching Since: May 2017
Last Sign in: 286 Weeks Ago
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  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

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  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 09 Dec 2017 My Price 10.00

costs related to housing

Larry is in the 28% marginal tax bracket and has no other itemized deductions except those related to her home. If her standard deduction is $6,300 and she incurs the following costs related to housing, how much tax savings will she receive as a result of her home purchase?

 

 

Mortgage interest

$13,000
Principal repayment

     800
Homeowner's insurance

  1,000
Real estate taxes

 4,000
Homeowner's association fees

  1,200

Answers

CourseLover
(12)
Status NEW Posted 09 Dec 2017 01:12 PM My Price 10.00

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