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1) Pat gave 5,000 shares of stock in Coyote Corporation (a publicly traded corporation) to her church (a qualified charitable organization) in the current year.

1) Pat gave 5,000 shares of stock in Coyote Corporation (a publicly traded corporation) to her church (a qualified charitable organization) in the current year. The stock was worth $180,000 and she had acquired it as an investment four years ago at a cost of $120,000. She reported AGI of $300,000 for the year. In completing her current income tax return, how much is her current-year charitable contribution deduction?

2)

Brad, who would otherwise qualify as Fayes dependent, had gross income of $9,000 during the

year. Faye, who had AGI of $120,000, paid the following medical expenses this year:

Cataract operation for Brad $5,400
Brads prescribed contact lenses 1,800
Fayes doctor and dentist bills 12,600
Prescribed drugs for Faye 2,550
Total $22,350

What is the total medical expense deduction for Faye?

3)

Corey is the city sales manager for RIBS, a national fast food franchise. Every working day,

Corey drives his car as follows:

Miles
home to office 20
Office to RIBS No. 1 15
Ribs No. 1 to No.2 18
Ribs No2. to No 3. 13
Ribs no 3 to home 30

Corey renders an adequate accounting to his employer. What are Coreys reimbursable miles?

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