Which of the following is true of the earned income tax credit?

		The maximum amount of credit can only be achieved with 3 or more qualifying children.
		You may not claim it if you have any amount of investment income.
		You may claim it without earned income if you are not a dependent.
		You must have at least one child to claim it.

1. In the current year, Sanchez paid interest of $30,000 on a $1,000,000 principal home mortgage. He also paid interest of $4,000 on a $100,000 home equity loan, the proceeds of which he used to pay off student loans. Assuming that he can itemize, what is his current year deduction from these payments?

   		$22,500
   		$25,000
   		$30,000
   		$34,000