This year Randy paid $$28,750$ of interest on his residence. $($Randy borrowed $$460,000$ to buy his residence, which is currently worth $$510,000.)$ Randy also paid $$2,750$ of interest on his car loan and $$4,575$ 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 $6-44$ Part$-$a $($Algo$)$

a$.$ Randy received $$2,400$ of interest this year and no other investment income or expenses. His AGI is $$75,000.$

This year Randy paid $$28,750$ of interest on his residence. $($Randy borrowed $$460,000$ to buy his residence, which is currently worth $$510,000.)$ Randy also paid $$2,750$ of interest on his car loan and $$4,575$ 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 $6-44$ Part$-$a $($Algo$)$

a$.$ Randy received $$2,400$ of interest this year and no other investment income or expenses. His AGI is $$75,000.$

Problem $6-38$ Part$-$b $($Algo$)$

b$.$ Suppose that Simpson was reimbursed for $$390$ of the physician's charges and $$1,600$ for the hospital costs. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations$.$