Question Completion Status: QUESTION 3 "Jim and Patty file a joint tax return and always itemize their deductions. Their income for the year is as follows: 5120,000 in salary and $3,200 interest income. Their expenses for the year consist of $2,900 investment interest expense. Assuming that their marginal tax rate is 35%, what is the amount of their investment interest expense deduction for the year?" "$3,200 "$2,900 "$2,450 None of these "$2,700 QUESTION 4 In 2019 Bobby bought a new truck for $35.000 plus $1,750 in license fees based on value of the truck. Besides this fee, Bobby also paid $5.170 in state income taxes and had other medical expenses of $1.500. If Bobby files single with All of $56.000, what amount of itemized deductions will he be eligible to claim in 2019?" QUESTIONS