During the current year, Horace paid the following interest charges:

Home mortgage $3,600

On loan to purchase household furniture 400

On loan to purchase state of Nebraska

general purpose bonds (wholly tax-exempt) 600

If Horace itemizes his deductions from AGI for the current year, the amount deductible as interest expense is:

	a.	$4,600
	b.	$4,000
	c.	$3,600
	d.	$4,200
	e.	None of the above.