Carol, unmarried without dependents, paid $5,000 interest expense on funds borrowed to acquire corporate bonds. Carol's itemized deductions for the year are $15,000 which includes $5,000 interest expense, and her AGI is $100,000 which includes $4,000 of investment income. How much of the $5,000 interest expense, if any, can she deduct in the current year?
Group of answer choices
$0
$2,000
$3,000
$5,000