Faye Earns $100,000 of AGI,including $90,000 of Salary and $10,000

question 24

Multiple Choice

Faye earns $100,000 of AGI,including $90,000 of salary and $10,000 of interest income.Faye does itemize her deductions.The miscellaneous category of her itemized deductions consists of $1,500 of unreimbursed employee business expenses and a $900 fee paid for investment advice.Faye has paid $11,000 of interest expense on a loan used to purchase stocks.How much of the $11,000 interest expense can be deducted this year?

• A)$11,000
• B)$10,000
• C)$9,100
• D)$9,600

---

Definitions:

Slave Trade

The historical practice of trading slaves, involving the procurement, transport, and sale of human beings as property.

Mental Disease

A broad category of conditions that affect mood, thinking, and behavior.

Delusions of Grandeur

A false belief in one's own superiority, greatness, or omnipotence, often observed in psychiatric conditions such as bipolar disorder and schizophrenia.

Four Ds

A guideline in psychology used to define abnormal behavior through four criteria: deviance, distress, dysfunction, and danger.