Margaret Lindley paid $$15,120$ of interest on her $$301,200$ acquisition debt for her home $($fair market value of $$501,200),$ $$4,120$ of interest on her $$30,120$ home$-$equity debt used to buy a new boat and car, $$1,120$ of credit card interest, and $$3,120$ of margin interest for the purchase of stock. Assume that Margaret Lindley has $$10,120$ of interest income this year and no investment expenses. How much of the interest expense may she deduct this year?

Multiple Choice

$$18,240$

$$23,480$

$$19,240$

$$22,360$

None of the choices are correct.