(Answered) Question - laurie has a brokerage account at dean schwab

Accounting

Question - Laurie has a brokerage account at Dean Schwab, Inc. She makes investments on margin through this account. During the current year, she incurs $10,000 in margin interest in the account. Income generated through the brokerage account was

Corporate bond interest: $30,000

Municipal bond interest: $20,000

What is the amount of Laurie's deductible investment interest?

A) $6,000

B) $4,000

C) $10,000

D) $-0-

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