Question: Prob. 8-34 Mike and Sally Card file a joint return for the 2010 tax year. Their AGI is $65,000 and they incur the following interest

Prob. 8-34 Mike and Sally Card file a joint return for the 2010 tax year. Their AGI is $65,000 and they incur the following interest expenses: Qualifed education loans $3,500 Personal loan 1,000 Home mortgage loan 4,000 Loan used to purchase a variety of stocks, bonds, and securities.. $15,000 Investment income and related expenses amt. to $7,000 and $500 respectively What is Mike and Sally's interest deduction for the 2010 tax year

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