Doug and sue click file a joint tax return and decide to itemize their deductions. the clicks income for the year consists of $90,000 in salary, $2,000 interest income, $800 long-term capital loss. the clicks expenses for the year consist of $1,500 investment interest expense. assuming that the clicks marginal tax rate is 35%, what is the amount of their investment interest expense deduction for the year?
a. $1,200
b. $1,500
c. $2,000
d. $2,300
e. other

Sarah borrowed $16,500 on may 23 with interest due on september 3. if the interest rate is 9%, find the interest on the loan using exact interest and ordinary interest.

Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?