our brother's business obtained a 30-year amortized mortgage loan for $300,0 urposes. What will the interest tax deduction be for Year 1? O a. $20,903.46 b. $19,169.71 c. $3,047.43 O d. $21,000.00 e. $23.950.89

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Filing Federal Income Tax Return

A tax is the amount of money paid to the government on the revenue earned by the individual or business organization. It acts as an income for the government and an expense for the individual or business organization. There are different regulations regarding filing an income tax return in other countries.