Janine rented an apartment for $900 a month. After a year, she bought a house with a monthly mortgage of $1,250. At the end of the year, she is able to deduct $4,900 in real estate taxes and $8,400 in interest. Janine's taxable income is $42,000. Using the tax schedule below, how much was she able to save on her taxes due to her home ownership?
A. $2,940.00
B. $3,101.25
C. $3,903.75
D. $6,843.75
Answer: A
Mathematics
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