This year Randy paid $29,050 of interest on his residence. (Randy borrowed $464,000 to buy his residence, which is currently worth $514,000.) Randy also paid $2,850 of interest on his car loan and $4,725 of margin interest to his stockbroker (investment interest expense). How much of this interest expens can Randy deduct as an itemized deduction under the following circumstances? Randy had no investment income this year, and his AGI is $75,000. Interest deductible