Question: 32. Mike and Sally Card file a joint return for the 2018 tax year. Their adjusted gross income is $65,000 and they incur the following

32. Mike and Sally Card file a joint return for the 2018 tax year. Their adjusted gross income is $65,000 and they incur the following interest expenses: $3,500 Qualified education loans 1,000 Personal loan 4,000 Home mortgage loan Loan used to purchase a variety of stocks, bonds, and securities 15,000 Investment income and related expenses amount to $7,000 and $500, respectively. What is Mike and Sally's interest deduction for the 2018 year? tax

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