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4 In 2022, Ben incurs $5,000 of investment interest expense (margin interest-paid to broker) during the year. He has investment income of $3,500 and paid

4 In 2022, Ben incurs $5,000 of investment interest expense (margin interest-paid to broker) during the year. He has investment income of $3,500 and paid $250 in brokerage fees. How much can he deduct as an itemized deduction on his tax return? OA. $5,000 of investment interest and $250 of brokerage fees O B. $3,500 of investment interest and $250 of brokerage fees OC. $3,250 of investment interest and $0 of brokerage fees OD. $5,000 of investment interest and $0 of brokerage fees QUESTION 5 Dale purchases a house for $1,500,000. He pays $500,000 cash and takes out an interest only loan for the remaining $1,000,000. If he pays $40,000 in mortgage interest this year, how much would be deductible? $40,000 $30,000 O $20,000 $0 2

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