Question Content AreaKevin and Ann paid the following amounts during the current year:

Interest on automobile loan $$1,500$

Interest on bank loan $($proceeds were used to purchase municipal bonds$)5,000$

Qualified home mortgage interest $3,150$

What is the maximum amount they can use as interest expense in calculating itemized deductions for the current year?

a$.$ $$6,500$

b$.$ $$3,150$

c$.$ $$8,150$

d$.$ $$4,650$