Tyrone and Akira, who are married, incurred and paid the following amounts of interest during 2021:

Home acquisition debt interest	$ 14,500
Credit card interest	4,800
Home equity loan interest (used for home improvement)	6,890
Investment interest expense	11,600
Mortgage insurance premiums (PMI)	1,000

Required:

With 2021 net investment income of $1,450, calculate the amount of their allowable deduction for investment interest expense and their total deduction for allowable interest. Home acquisition principal and the home equity loan principal combined are less than $750,000.

Deduction for investment interest expense ?

Total deduction for allowable interest ?