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

---

Definitions:

Relationships

Connections or associations between two or more people, which can vary in intensity and importance.

Anterior Cingulate Cortex

A part of the brain involved in emotional regulation, decision-making, and processing social information.

Cingulate Gyrus

A part of the brain situated in the medial aspect of the cerebral cortex, involved in processing emotions and behavior regulation.

Brain

The organ in the head of living beings responsible for central nervous system functions, including thought, memory, emotion, touch, motor skills, vision, breathing, temperature control, and much more.