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2. Which of the following interest expenses incurred by Amanda is treated as personal interest expense and, therefore, not deductible as an itemized deduction? (Points : 1)

a) Interest expense on personal credit cards.

b) Bonds purchased with accrued interest.

c) Interest on a home mortgage acquired in 2005.

d) Interest expense incurred by a partnership in which Amanda is a limited partner.

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Accounting 3 Months Ago 12 Views
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