Brandon and Jane Forte file a joint tax return and decide to itemize their deductions. The Fortes' income for the year consists of $$119,700$ in salary, $$850$ interest

income, $$1,350$ nonqualifying dividends, and $$850$ long$-$term capital gains. The Fortes' expenses for the year consist of $$2,850$ in investment interest expense

and $$870$ in tax preparation fees. Assuming that the Fortes' marginal tax rate is $32$ percent and they make no special elections, what is the amount of investment

interest expense deduction for the year?

Multiple Choice

$$0$

$$850$

$$2,200$

$$2,850$

None of the choices are correct.