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19.Ab age 48 and single, bas no dependents and an AGI of $50,000 and these expenses unreimbursed medical expenses of $4,200, charitable contribution of
19.Ab age 48 and single, bas no dependents and an AGI of $50,000 and these expenses unreimbursed medical expenses of $4,200, charitable contribution of $5,000, real estate taxes of $3,500, and residence mortgage interest of $7,000. For 2019, Alan's deductions from AGI is? A.$15,500 B.512.200 C316,700 DS19,700 E.None of these awers 20. Dema purchased the following stocks in January 2019: 200 shares of Ford for $1,000; and 100 shares of IBM for $12,000. Dema received 300 shares as stock dividends from Ford in November 2019 On December 15. Dema sold 250 shares of Ford for $2.500 and 40 shares of IBM for $6,000. The amount of gain/loss to be included in Dema's tex return for 2019 is: A.$2.000 gain B.53,250 gain. C.S3.200 gain D.$800 loss E. None of these answers. 21 Amar's AGI was $88,000 in 2019. In August 2019, his home was damaged in a hurricane and his county was declared a federally declared disaster area, The home's fair market value was $110,000 before the storm and $68,000 after the storm. He received only $12,000 from his insurance company due to the large deductible that applies to hurricane losses. He had purchased the home five years ago for $90,000. How much may Amar deduct as an itemized deduction for this casualty loss? Answer A.$21,100 B.$21.200 C.$29,900 D.$30,000 E.None of these answers is correct. 22. A and B are a married couple and file joint return with AGI of $125.00 for 2019. They paid $25,000 of mortgage interest on a $500,000 mortgage. $14,000 of unreimbursed medical expenses, $5,000 of property taxes, $3,500 interest on a credit card, and $15.000 of charitable contributions for the year. How much their itemized deductions for 20192 A.$46,500. B.$45,000 C.S47.000 D.S50.500. E.None of these answers is correct.
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