Content AreaKevin and Ann paid the following amounts during the current year: Interest on automobile loan $1,500 Interest on bank loan (proceeds were used to purchase municipal bonds) 5,000 Qualified home mortgage interest 3,150 What is the maximum amount they can use as interest expense in calculating itemized deductions for the current year? a. $4,650 b. $3,150 c. $6,500 d. $8,150