Gabe and his wife Gabby had the following activity during the year. They had joint income of $65,000. What is the amount of total For AGI deductions Gabe and Gabby can report on their joint tax return?

Gabe's student loan interest: $1,500

Gabby's student loan interest: $3,000

Net short-term capital losses: $4,000

Multiple Choice

a. $8,500

b. $7,000

c. $5,500

d. $7,500