what answer is 17 and 18 please 17. Roberta borrows $50,000 to...
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what answer is 17 and 18 please
17. Roberta borrows $50,000 to invest in the stock market. She pays $3,000 in interest on that loan. Her investment income from that $50,000 of investments is $1,800, and her total investment Income from all of her investments is $2,300. Her only investment expense was $500 for a class she took on how to make money buying stocks. How much of her $3,000 of interest is deductible? a. Zero b. $1,700 c. $1,800 d. $2,200 e. $2,300 18. Tina is a secretary. She also goes to law school at night. She spends $8,000 on law school tuition during the year. How much of her tuition is deductible as a trade or business expense? a. Zero b. $2,000 c. $4.000 d. $8,000
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