Business, 05.11.2019 00:31 jayqq5746

Doug and sue click file a joint tax return and decide to itemize their deductions. the clicks' income for the year consists of $90,000 in salary, $2,000 interest income, and $800 long-term capital loss. the clicks' expenses for the year consist of $1,500 investment interest expense. assuming that the clicks' marginal tax rate is 35 percent, what is the amount of their investment interest expense deduction for the year?
a. $1,200
b. $1,500
c. $2,000
d. $2,300
e. other

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Doug and sue click file a joint tax return and decide to itemize their deductions. the clicks' incom...