Phil and joan crawley made the following payments during the current year: interest on bank loan (loan proceeds used to purchase u. s. series ee savings bonds) $4,000 interest on installment charge accounts 500 interest on home mortgage for period april 1 to december 31 2,700 points paid to obtain conventional mortgage loan on april 1 900 the crawleys had net investment income of $3,000 for the year. what is the maximum amount that the crawleys can deduct as interest expense in calculating itemized deductions for the current year? a. $3,600 b. $6,600 c. $7,600 d. $8,100

C. $7,600

Explanation:

For itemized duduction the type of interest will be those related to:

The interest paid to the bank which are 4,000 will be deductible until his investment income of 3,000

so 1,000 dollars will be deductible

Then we have 2,700 interest on mortgage

and 1,900 paid for mortgage points

the total will be 1,000 + 2,700 + 1,900 = 7,600

the best answer is c. has a low lpc score.good luck

explanation:

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.