What amount you have lower your federal income tax

Reference no: EM13297872

Calculating the rate of return on investment using financial leverage, suppose does Dave invested only 20,000 of his own money and borrowed 180,000 interest-free from his rich father. What was his return on the investment?

What is the total deduction you can take on your federal income tax return?

Assuming you are in a 28% tax bracket, what amount you have lower your federal income tax?

Reference no: EM13297872

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