Jerry and Ann paid the following amounts during the current year: Interest on automobile loan Interest on bank loan (proceeds were used to purchase municipal bonds) Qualified home mortgage interest $1,500 $5,000 $3,150 What is the maximum amount they can use as interest expense in calculating itemized deductions for the current year? Oa. $4,650 Ob. $8,150 Oc. $3,150 Od. $6,500 Oe. None of these choices are correct