1.Is there a limitation on the amount of interest expense Perry can deduct during the year? If so what is the limit?

2. How do the results change if the amount of Interest expense Perry incurred during the year was 14.5 million?

In Class Activities Content Perry operates a proprietorship selling furniture over the web, and last year she purchased a building for $21 M for her business. This year, Perry's business reported revenue of $105.5 M and incurred total expenses of $84.3 M. Her expenses included cost of goods sold of $46.6 M, sales commissions paid of $16.9 M, $11.5 M of interest paid on the building mortgage, and $9.3 M of depreciation