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Jason has the following items of income and expense for the current year: His marginal tax rate is 37% and his long-term capital gains rate

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Jason has the following items of income and expense for the current year: His marginal tax rate is 37% and his long-term capital gains rate is 20%. (a) How much of the investment interest expense can Jason deduct as an itemized deduction if no election is made to treat any of the qualified dividend income as investment income? Deduction

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