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Margaret Lindley paid $15.050 of interest on her $300.500 acquisition debt for her home (fair market value of 500.500). $4.050 of interest on her $30,050

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Margaret Lindley paid $15.050 of interest on her $300.500 acquisition debt for her home (fair market value of 500.500). $4.050 of interest on her $30,050 home-equity loan, $1.050 of credit card interest, and $3,050 of margin interest for the purchase of stock. Assume that Margaret Lindley has $10,050 of interest income this year and no nvestment expenses. How much of the interest expense may she deduct this year? $18,300. None of the choices are correct $22150

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