Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $$2,675$ in

investment expenses. They also incur $$4,125$ of investment interest expense during the year. The

Porters' income for the year consists of $$163,500$ in salary and $$3,445$ of interest income.

Problem $7-56$ Part$-$a $($Algo$)$

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

Investment interest expense deduction