Oscar and Terra are married and file a joint tax return. Terra has 2 businesses in which she materially participates. They have the following items in 2020. Oscar’s Salary: $550,000 Interest Income: $110,000 Municipal Interest: $50,000 Terra’s Income/(Loss) from Business 1: $(950,000) Terra’s Income/(Loss) from Business 2: $300,000 Medical Expenses: $15,000 Assuming Oscar and Terra itemize deductions, how much of their medical expenses are deductible? 

a. $0 

b. $15,000 

c. $4,350 

d. None of these 

e. $14,250