Takesha Paid $13,000 of Investment Interest Expense in a Year

question 86

Multiple Choice

Takesha paid $13,000 of investment interest expense in a year in which she earned $4,500 in dividends,$5,400 in interest income,and had a short-term capital gain of $1,000 and a long-term capital gain of $2,200.The capital gains resulted from the sale of stock held as an investment.She has no other investment-related expenses.What is her maximum deduction for investment interest expense,assuming Takesha does not make any elections?

• A)$5,400
• B)$6,400
• C)$13,100
• D)$13,000

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Definitions:

Deliberate Presentation

The conscious effort to manage and control the impression one makes on others through their appearance, speech, and behavior.

False Information

Incorrect or misleading data presented as facts, often with the intent to deceive or manipulate.

Predicted Outcome Value Theory

A communication theory suggesting that individuals initiate conversations and relationships based on the anticipated value or benefit they expect to derive from them.

Interpersonal Attraction

Degree to which you want to form or maintain an interpersonal relationship.