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Problem $7-56($LO $7-3)($Algo$)$

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Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $\backslash$$$2,075$ in investment expenses. They also incur $\backslash$$$3,125$ of investment interest expense during the year. The Porters' income for the year consists of $\backslash (\backslash$$ $151,500\backslash )$ in salary and $\backslash (\backslash$$ $2,605\backslash )$ of interest income.

roblem $7-56$ Part$-$a $($Algo$)$

What is the amount of the Porters' investment interest expense deduction for the year?