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Problem $7-30($LO $7-2)($Algo$)$

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This year Randy paid $$30,100$ of interest on his residence. $($Randy borrowed $$478,000$ to buy his residence, which is currently worth $$528,000.)$ Randy also paid $$3,200$ of interest on his car loan and $$5,250$ of margin interest to his stockbroker $($investment interest expense$).$ How much of this interest expense can Randy deduct as an itemized deduction under the following circumstances?

Problem $7-30$ Part$-$b $($Algo$)$

b$.$ Randy had no investment income this year, and his AGI is $$75,000.$