Bode's monthly mortgage payment was $1200 last year, and on average, 11% of each payment was interest. If Bode itemizes deductions on his federal income tax return, how much can he deduct for mortgage interest?
A.$1584 B.$100 C.$1332 D.$132
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Home » Mathematics » Bode's monthly mortgage payment was $1200 last year, and on average, 11% of each payment was interest. If Bode itemizes deductions on his federal income tax return, how much can he deduct for mortgage interest? A.$1584 B.$100 C.$1332 D.$132