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2) 2a) For 2019, Mrs. Lynn had adjusted gross income of $30,000. During the year, she contributed $9,000 in cash to her church, $10,000 in
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2a)
For 2019, Mrs. Lynn had adjusted gross income of $30,000. During the year, she contributed $9,000 in cash to her church, $10,000 in cash to qualified public charities, and a painting she has owned for 8 years with a fair market value of $16,000 and a $4,000 adjusted basis to her city's library. What is the amount of Mrs. Lynn's allowable charitable contributions deduction for the year? A. $19,000 B. $30,000 OC. $35,000 D. $18,000 OOO Smith paid the following unreimbursed medical expenses: Dentist and eye doctor fees $ 5,000 Contact lenses 500 Facial cosmetic surgery to improve Smith's personal appearance (surgery is unrelated to personal injury or congenital deformity) 10,000 Premium on disability insurance policy to pay him if he is injured and unable to work 2,000 What is the total amount of Smith's tax-deductible medical expenses before the adjusted gross income limitation? A. $5,500 B. $7,500 C. $15,500 OD. $17,500Step by Step Solution
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