Required information The following information applies to the questions displayed below. This year, Randy paid $30,850 of interest on his residence. (Randy borrowed $792,000 to buy his residence, which is currently worth $880,000.) Randy also paid $3,450 of interest on his car loan and $5,625 of margin interest to his stockbroker (investment interest expense). How much of this interest expense can Randy deduct as an itemized deduction under the following circumstances? a. Randy received $2,960 of interest this year and no other investment income or expenses. His AGI is $75,000 Interest deductible