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11. A maximum deduction limitation of 30% of AGI applies to charitable contributions to public charities of which one of the following types of properties?

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11. A maximum deduction limitation of 30% of AGI applies to charitable contributions to public charities of which one of the following types of properties? a. Contributions of inventory. b. Cash or property other than appreciated capital gain property. c. Cash contributions d. Appreciated capital gain property when fair market value is deducted. e. None of the above 12. Expenses not allowed as deductible medical expenses include: a. tuition paid by the parents of a disabled child to send their child to a special school. b. the cost of braces. c. premiums on life insurance. d. cost of a wheelchair. e. all of the above are deductible medical expenses. 13. Olin owns a main home and two vacation homes. His home mortgage interest on these three homes is $16, 950, $20,900, and $22, 680, respectively. How much of the $60,530 can Olin deduct on Schedule A? a. $60,530 b. $16,950 c. $39,630 $37,850 e. $43,580

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