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Cal incurred and paid the following expenses: Tax return preparation fee $ 700 Moving expenses 2,000 Local income taxes $1,200 Personal credit card interest 500

Cal incurred and paid the following expenses: Tax return preparation fee $ 700 Moving expenses 2,000 Local income taxes $1,200 Personal credit card interest 500 Investment expenses 600 Expenses associated with rental property 1,600 Interest expense associated with loan to finance tax-exempt bonds 600 Calculate the amount that Cal can deduct from AGI (before any percentage limitations). a. $2,500. b. $3,600. c. $6,200. d. $6,800. e. None of the above.

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