1.Marsha (single) paid the following amounts in 2021: $6,200 in state and local property taxes. $4,800 in state and local income taxes through withholding. How much may she deduct on her 2021 Schedule A?

$4,800 $6,200 $10,000 $11,000

2.Which of the following taxpayers received qualified business income (QBI)?

Karl, who reported $32,000 in long-term capital gains from the sale of investment property.

Gen, who reported wages of $82,000.

Amy, who received $40,000 in investment income made up of interest, dividends, and capital gains from her investment portfolio.

Hope, who reported her share of net profits from an S corporation.