Andrew, a single taxpayer, decided that it would be a good idea to set some money aside in the form of an individual retirement account. He has learned about the current and future benefits of opening a Roth IRA account, and decided that he can afford to contribute $6,000 to his Roth IRA in 2020. Andrew's adjusted gross income for the current year amounts to $127,750. How much is Andrew's contribution deduction going to be reduced by in 2020? $1,500 $3,750 $6,000 $4,500 Michael is a divorced taxpayer who had AGI of $54,000 for 2020. He was injured in a motorcycle accident and had to pay $3,700 for hospital expenses and $1,300 for doctor bills. Michael also incurred medical expenses of $800 for his dependent child. His former spouse Christine is the custodial parent and the child spends more than a half of the year with her. In 2021, Michael was reimbursed $750 by his insurance company for the medical expenses attributable to the car accident. Since he is interested in putting together the Schedule A - itemized deductions for 2020, he wants to know how much can he deduct for medical expenses in 2020? $400 $5,800 * $1,000 $1,750 Brandon sells real estate on September 15, 2021 for $600,000. Also on September 15, 2021, the buyer, Selena, pays the real estate taxes of $4,380 for the calendar year, which is the real estate property for the full tax year (365 days). How much is Selena's basis in her new real estate property at the time of the purchase? $600,000 $603,096 $604,380 $601,284