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5.In 2019 Jam received $95,000 salary, $850 flow-through interest income, and $1,100 long- term capital gains. He paid $4,000 interest expense. What is his investment

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5.In 2019 Jam received $95,000 salary, $850 flow-through interest income, and $1,100 long- term capital gains. He paid $4,000 interest expense. What is his investment interest expense deduction in 2019 (assuming that he decides to itemize his deductions)? $0 $850 $1,950 $4,000 None of the choices are correct. 6.Judy's business purchased only one asset during the current year (a full 12-month tax year). The asset placed in service was computer equipment on August 26 with a basis of $20,000. Calculate the maximum depreciation expense for the current year (ignoring $179 and bonus depreciation). $2,000 $2,858 $3,000 $4,000 None of the choices are correct

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