17. Teri pays the following interest expenses during the year:

Home mortgage interest on personal residence	$8,500
Credit card interest on personal purchases	550
Interest on loans used to purchase investments (net investment income is $2,000)	2,400
Interest on loans used for a business conducted as a sole proprietorship	3,800
Interest on a credit card used exclusively in the business	470

What is the amount of interest expense that can be deducted as an itemized deduction? (Points : 4)

$10,500 $10,900 $14,300 $14,700