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

question 29

Multiple Choice

Dana 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 if Dana makes the proper elections to raise her ceiling as high as possible?

• A)$5,400
• B)$9,900
• C)$13,100
• D)$13,000

---

Definitions:

Laboratory Noise Blasts

Loud, sudden sounds used in experimental settings, often to study stress responses or auditory processing.

Levels of Aggression

Different intensities or types of aggressive behavior, ranging from verbal abuse to physical violence.

Hit-by-Pitch

In baseball, an instance where a pitcher throws a ball that hits the batter, allowing the batter to advance to first base.

Major League Baseball

A professional baseball organization that is the oldest of the four major professional sports leagues in the United States and Canada.