Doug and Sue Click file a joint tax return and decide to itemize their deductions. The Click's income for the year consists of $89,300 in salary, $1,650 nterest income, $730 long-term capital loss. The Click's expenses for the year consist of $1,525 investment interest expense. Assuming that the Click's marginal tax rate is 35 percent, what is the amount of their investment interest expense deduction for the year? Multiple Choice $920. $1,525. $1,650. $2,255. None of the cholces are correct 
Other questions asked by students
Biology
Basic Math
Statistics
Q
How do you provide guidance, counselling and support to assist co-workers in resolving their work...
Accounting
Accounting