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Arlecino [84]
4 years ago
7

Janica's monthly mortgage payment was $900 last year, and on average, 13% of each payment was interest. if janica itemizes deduc

tions on her federal income tax return, how much can she deduct for mortgage interest?
A)$1404
B)$1017
C)$75
D)$117
Mathematics
1 answer:
blsea [12.9K]4 years ago
6 0

Answer:

The amount deduct for mortgage interest was $1,404

A is correct.

Step-by-step explanation:

Janica's monthly mortgage payment was $900 last year.

Average interest of each payment was 13%

We need to find deduction for income tax on interest for mortgage.

As we know deduction calculate on year.

Monthly Payment = $900

Yearly Payment = 900 x 12 = $10,800

Average interest = 13%

Interest on payment = 13% of 10800

\Rightarrow 0.13\times 10800

\Rightarrow 1404

Hence, The amount deduct for mortgage interest was $1,404

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Answer:

The lower limit of 95% confidence interval is 99002.

Step-by-step explanation:

We are given the following in the question:

Population mean, μ = $100,000

Sample mean, \bar{x} = $111,000

Sample size, n = 36

Alpha, α = 0.05

Population standard deviation, σ = $36,730

First, we design the null and the alternate hypothesis

H_{0}: \mu = \$100,000\\H_A: \mu \neq \$100,000

We have to find the lower limit of the 95% confidence interval.

95% Confidence interval:

\mu \pm z_{critical}\frac{\sigma}{\sqrt{n}}

Putting the values, we get,

z_{critical}\text{ at}~\alpha_{0.05} = 1.96

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The lower limit of 95% confidence interval is 99002.

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3 years ago
Which is the 9th term of the sequence which has a first term of 1 and has a common ratio of 1.5
noname [10]
Hey!
So what you can do is:
1 x 1.5 = 1.5(2nd term)
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5.0625 x 1.5=7.59375(6th term)x1.5=<span> 11.390625

</span>11.390625 x1.5= 17.0859375(8th term)x1.5=<span> 25.62890625</span>(9th term)

The answer is D!
Hope this helps!

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