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ickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,300 in investment expenses. They also incur $3,500 of
ickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,300 in investment expenses. They also incur $3,500 of investment interest expense during the year. The Porters' income for the year consists of $156,000 in salary and $2,920 of interest income.
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