Teri Pays the Following Interest Expenses During the Year What Is the Amount of Interest Expense That Can Be

Teri pays the following interest expenses during the year: $$\begin{array} { | l | r | } \hline \text { Home mortgage interest on personal residence } & \$ 8,500 \\\hline \text { Credit card interest on personal purchases } & 550 \\\hline \begin{array} { l } \text { Interest on loans used to purchase investments (Net investment } \\\text { income is } \$ 2,000 ) \end{array} & 2,400 \\\hline \text { Interest on loans used for a business conducted as a sole } \\\text { proprietorship } & 3,800 \\\hline\text { Interest on a credit card used exclusively in the business } &470\\\hline \end{array}$$ What is the amount of interest expense that can be deducted as an itemized deduction?

A) $10,500
B) $10,900
C) $14,300
D) $14,700