4. this year, benjamin hassell paid $20,000 of interest on a mortgage on his home (benjamin borrowed $600,000 in 2015 to buy the residence and it is currently worth $1,000,000), $12,000 on a $150,000 home-equity loan on his home, and $10,000 of interest on a mortgage on his vacation home (loan of $300,000; home purchased for $400,000 in 2016; home is not rented out at any time). how much interest expense can benjamin deduct as an itemized deduction?

The nterest expense can major healy deduct as an itemized deduction is $55,000.

Explanation:

total interest expense = interest on mortgage home + interest on mortgage vacation home

                                    = $40,000 + $10,000

                                     = $50,000

total amount of mortgage pf major healy = $800,000 + $200,000

                                                                   = $1,000,000

the acquisition debt does not exceed $1,000,000 so he can deduct $40,000 mortgage interest on his home and $10,000 mortgage interest on his vacation home.

interest on home equity loan = 6,000

interest on home equity load  = [home equity debt limit/home equity load]*interest on home equity load

                                                 = [100000/120000]*6000

                                                 = $5,000

Therefore, The nterest expense can major healy deduct as an itemized deduction is $55,000.

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steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation:

answer; // there are violations that can cause injuries or death;