The maximum amount that can be treated as home equity indebtedness (debt secured by principal or second residence, but not used for purchase, build, or improve home) is the lessor of: $X ($Y MFS) or FMV of the property (home) reduced by the amount of outstanding acquisition indebtedness. What is X and Y?
A. 100,000; 50,000
B. 50,000; 25,000
C. 200,000; 100,000
D. 400,000; 200,000
Answer: A. 100,000; 50,000