4. In 2019, Britt drove her automobile 16,200 miles for business. She incurred $900 in gas expenses and $235 in tolls associated with the business mileage.

Assuming Britt uses the standard mileage method, her deduction is $_____?

7.Amber's employer, Lavender, Inc., has a 401(k) plan that permits salary deferral elections by its employees. Amber's salary is $99,000, and her marginal tax rate is 24% and she is 42 years old.

a.What is the maximum amount Amber can elect for salary deferral treatment for2019?

$______?

b.If Amber elects salary deferral treatment for the above amount, how much can she save in taxes?

Her tax liability for 2019 would be reduced by $_____?

.

c.What is the recommended amount that Amber should elect as salary deferral treatment for 2019? $___?

8.a.Juan, age 41, earns a salary of $28,000 and is not an active participant in any other qualified plan. His wife, Agnes, has no earned income. Juan wishes to contribute as much as possible to his own IRA. $____?

b.Abby, age 29, has earned income of $25,000, and her husband, Sam, has earned income of $2,600. They are not active participants in any other qualified plan.$_____?

c.Leo's employer makes a contribution of $3,500 to Leo's simplified employee pension plan. Leo is single, has earned income of $32,000, and has AGI of $29,000.

$_____?

9.Jimmy establishes a Roth IRA at age 47 and contributes a total of $89,600 over 18 years. The account is now worth $112,000. Assume that Jimmy meets the income limitation at the time of the contributions.

How much of these funds may Jimmy withdraw tax-free?

10 Carri and Dane, ages 34 and 32, respectively, have been married for 11 years, and both are active participants in employer qualified retirement plans. Their total AGI in 2019 is $196,000, and they earn salaries of $87,000 and $95,000, respectively.

Click here to accessExhibit 9.2.

Compute the following amounts.If an amount is zero, enter "0". Do not round intermediate computations.

Amounta.The amount each cancontributeto a regular IRA.$f____?

b.The amount each candeductfor regular IRA contributions.$______?

c.The amount each cancontributeto a Roth IRA.$______?

d.The amount each candeductfor Roth IRA contributions$._____?

13 Linda, who files as a single taxpayer, had AGI of $280,000 for 2019. She incurred the following expenses and losses during the year:

Medical expenses (before the 10%-of-AGI limitation)$33,000State and local income taxes4,800State sales tax1,300Real estate taxes6,000Home mortgage interest5,000Automobile loan interest750Credit card interest1,000Charitable contributions7,000Casualty loss (before 10% limitation but after $100 floor; not in a Federally declared disaster area)34,000Unreimbursed employee business expenses7,600

Calculate Linda's allowable itemized deductions for the year.

14. For calendar year 2019, Jean was a self-employed consultant with no employees. She had $80,000 of net profit from consulting and paid $7,000 in medical insurance premiums on her policy covering 2019. How much of these premiums may Jean deduct as a deductionforAGI? As an itemized deduction?If an amount is zero, enter "0".

Self-employed persons can deduct______% of their medical insurance premiums as a deduction for AGI in 2019. Thus, Jean may deduct $______as a deductionfor AGI and she may deduct $______ as an itemized deduction (subject to the AGI floor).