14. Amy paid the following interest expense during the current year: What is the amount of Amy’s interest deduction for

14. Amy paid the following interest expense during the current year: What is the amount of Amy’s interest deduction for the current year? Qualified home mortgage interest $5,000 Credit card interest $1,000 Private mortgage insurance payments $3,000 What is the amount of Amy’s interest deduction for the current year? a.$3,000 b.$4,000 c.$8,000 d.$6,000 e.$5,000

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