ome Youlube Maps to News Translate Homework Assignment 6 Saved Required information Problem 7-56 (LO 7-3) (Algo) [The following information applies to the questions displayed below) Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $3,275 in investment expenses. They also incur $5125 of investment interest expense during the year. The Porters income for the year consists of $175,500 in salary and $4,285 of interest income. Problem 7-56 Part-a (Algo) o. What is the amount of the Porters' Investment interest expense deduction for the year? Investment interest expense deduction M Gmail YouTube Maps tl News Translate Homework Assignment oved Required information Problem 7-56 (LO 7-3) (Algo) The following information applies to the questions displayed below! Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $3,275 in investment expenses. They also incur $5:125 of investment interest expense during the year. The Porters income for the year consists of $175,500 in salary and $4,285 of interest income Problem 7-56 Part-b (Algo) b. What would their investment interest expense deduction be if they also had a ($2,695) long-term capital oss? investment interest asponou, doduction