Matt paid the following taxes this year: Roal estate taxes on his own residence $3,600, State income taxes $900. Local city income taxes $300. State sales taxes $1,400. What is the maximum amount Matt can deduct as an themized deduction on his tax return? A. $5,000 B. 56,200 C. $4,800 D. $5,300 QUESTION 15 Which of the following is deductible as interest expenses? A. None of the above. B. Bank service charges on personal account. C. Personal credit card interest. D. Interest to purchase tax exempt bonds. QUESTION 16 All of the following statements are true except: A. Net investment income ia the taxpayer's investment income in excess of investment expenses. B. Investment interest expense inckdes interest expense to purchaso or carry tax-exempt securities C. Short-term capital gains meet the definition of net investment income. D. Investment interest expense is deductble to the extent of a taxpayer's net investment income