Send it to the IRS before April 15th.
Answer:
Which fact supports the idea that renting is a good option for living in a place for a short period of time?
The idea about renting is a good option as far is for a short period of time which enables one to increase savings which would lead to accumulation of more savings before getting ones permanent residence.
Explanation:
Great capital or decorative shop or good advicer
Answer:
Their allowable tax deduction on the mortgage interest is $1904
Explanation:
In arriving at the tax savings,the interest on mortgage needs to be ascertained.
Interest on mortgage=8%*$85000
Interest on mortgage=$6800
However,the tax savings on the interest is by applying the tax rate of 28% to the interest on mortgage
Tax savings=28%*$6800
Tax savings=$1904
