Cory Incurred and Paid the Following Expenses Calculate the Amount That Cory Can Deduct (Before Any Percentage

question 7

Multiple Choice

Cory incurred and paid the following expenses:
$\begin{array}{llr} \text { Tax return preparation fee} &\$600\\ \text { Moving expenses } &2,000\\ \text { Investment expenses} &500\\ \text {Expenses associated with rental property } &1,500\\ \text { Interest expense associated with loan to finance tax-exempt bonds } &400\\\end{array}$

Calculate the amount that Cory can deduct (before any percentage limitations) .

• A) $5,000.
• B) $4,600.
• C) $3,000.
• D) $1,500.
• E) None of the above.

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