10.Which of the following interest expense amounts is not deductible in the current year? a.education loan interest of $2,000, assuming the taxpayer has income of $30,000 b.home equity loan interest of $6,000, on a loan of $90,000, the proceeds of which were used to purchase a sports car and designer clothes. c.investment interest expense of $10,000, assuming the taxpayer has no investment income d.qualified residence interest of $70,000 on a $1 million loan used to purchase a luxury apartment in downtown San Diego. 27. Jose paid the following amounts for his son to attend Big State University in 2011: Tuition $6,000 Room and board 5,000 Books 500 a car use to school 2,000 student football tickets 200 spending money 4,000 **How much of the above is a qualified higher education expense for the purposes of his Qualified Tuition Program