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  3. in 2018, susan had interest expense of $58,500 fro

In 2018, Susan had interest expense of $58,500 from her investments. Susan's has investment income...

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Accounting

  1. In 2018, Susan had interest expense of $58,500 from her investments. Susan's has investment income of $46,500. Of this amount, interest is $15,000, qualified dividends are $9,000, and a net capital gain on the sale of securities is $22,500. What is the maximum amount of Susan's investment interest expense deduction for the current year if she decides to give up the capital gain preferential treatment?

a.

$15,000.

b.

$24,000.

c.

$37,500.

d.

$46,500.

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