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 interat expense may she deduct this year? Multiple Choice None of the choices are correct $19,240 $22,360 $23,480 $18,240