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Mathematics

1 answer:

balandron [24]2 years ago

3 0

If Bruce can deduct 40% from other interest then the total interest deducted is $2927.

Given Adjusted gross income=$36500, mortgage interest =$2787 and other interest $350.

It is said that 40% of other interest can be deducted by Bruce but it is not said that nothing will be deducted by Bruce from Mortgage interest so we will deduct full of mortgage interest and 40% of other interest. So,

Mortgage interest =$2787

Other interest=$350

Other interest deductable=40%*350

=$140

So the total will be 2787+140 =$2927.

Hence the interest deducted by Bruce is $2927if only 40% of other interest is deductable.

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