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Melissa and Martin McArthur incurred the following interest expenditures: Home equity line of credit $4,700 Investment loan $840 Credit card debt $1,425 Higher education loan

Melissa and Martin McArthur incurred the following interest expenditures:

Home equity line of credit $4,700

Investment loan $840

Credit card debt $1,425

Higher education loan $460

How much will these expenditures add to their itemized deductions?

Select one:

a. $7,425

b. $5,540

c. $4,700

d. $6,000

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