Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,750 in employment-related miscellaneous itemized deductions. They also incur $4,250 of investment interest expense during the year. The Porters income for the year consists of $165,000 in salary, and $3,550 of interest income.

a. What is the amount of the Porters investment interest expense deduction for the year?

b What would their investment interest expense deduction be if they also had a ($2,350) long-term capital loss?