9. John Jones incurred the following interest items for the current year: Interest on machine...
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Accounting
9. John Jones incurred the following interest items for the current year: Interest on machine used in business $1,200 Interest on personal residence 8,000 Interest on personal credit card purchases 600 Interest on investments 20,000 He earned $3,000 in investment income from the investments. What is his itemized interest deduction? OA. $29,800 OB. $29,200 C. $9,200 OD. $11,000
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