Ken paid the following amounts for interest during 2019: Qualified interest on home mortgage $5,322 Auto loan interest 850 “Points” on the mortgage for acquisition of his personal residence 400 Service charges on his checking account 40 Mastercard interest 300 Calculate Ken’s itemized deduction for interest on the following portion of Schedule A.

SWFT Individual Income Taxes
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Chapter4: Gross Income: Concepts And Inclusions
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Ken paid the following amounts for interest during 2019:

Qualified interest on home mortgage

$5,322

Auto loan interest

850

“Points” on the mortgage for acquisition of his personal residence

400

Service charges on his checking account

40

Mastercard interest

300

Calculate Ken’s itemized deduction for interest on the following portion of Schedule A.

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