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Doug and Sue Click file a joint tax return and decide to itemize their deductions. The Clicks'income for the year consists of $89,200 in salary,

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Doug and Sue Click file a joint tax return and decide to itemize their deductions. The Clicks'income for the year consists of $89,200 in salary, $1,600 interest income, and $720 long-term capital loss. The Clicks' expenses for the year consist of $1,550 investment interest expense. Assuming that the Clicks' marginal tax rate is 35 percent, what is the amount of their investment interest expense deduction for the year? Multiple Choice $880 $1,550 $1,600 $2.270 None of the choices are correct

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