Can you help me answer some questions about the tax accounting

Tax Drill - Charitable Contribution-Stock Donna donates stock in Chipper Corporation to the American Red Cross on September 10, 2020. She purchased the stock for $18,100 on December 28, 2019, and it had a fair market value of $27,000 when she made the donation. a. The stock is treated as 7 property and Donna's charitable contribution deduction is $:] for tax purposes. b. Assume instead that the stock had a fair market value of $15,000 (rather than $27,000) when it was donated to the American Red Cross. Donna's charitable contribution deduction would be $:] for tax purposes. Tax Drill - Interest Limitations Miller owns a personal residence with a fair market value of $195,000 and an outstanding first mortgage of $157,500. This year, Miller gets a home equity loan of $10,000 to purchase new jet skis. How much of this mortgage debt is treated as qualied residence indebtedness? $:] Tax Drill - Tax Treatment of State and Local Income Taxes Derek, a cash basis, unmarried taxpayer, had $610 of state income tax withheld during 2020. Also in 2020, Derek paid $50 that was due when he filed his 2019 state income tax return and made estimated payments of $100 towards his 2020 state income tax liability. When Derek les his 2020 Federal income tax return in April 2021, he elects to take the standard deduction, which reduced his taxable income. As a result of overpaying his 2020 state income tax, Derek receives a refund of $435 early in 2021. How much of the $435 will Derek include in his 2021 gross income? v Tax Drill - State and Local Income Taxes Pierre, a cash basis, unmarried taxpayer, had $1,400 of state income tax withheld during 2020. Also in 2020, Pierre paid $455 that was due when he filed his 2019 state income tax return and made estimated payments of $975 towards his 2020 state income tax liability. When Pierre les his 2020 Federal income tax return in April 2021, he elects to itemize deductions, which amount to $15,650, including the $2,830 of state income tax payments and withholdings, all of which reduce his taxable income. As a result of overpaying his 2020 state income tax, Pierre receives a refund of $630 early in 2021. The standard deduction for single taxpayers for 2020 was $12,400. How much of the $630 will Pierre include in his 2021 gross income? $:l Tax Drill - Health Savings Accounts Indicate whether the following statements are "True" or "False" regarding Health Savings Accounts and the medical deduction. a. To qualify as a high-deductible plan, the annual deductible in 2020 is not less than $1,400 for self-only coverage ($2,800 for family V coverage). b. Earnings on HSAs are not subject to taxation unless distributed, in which case taxability depends on the way the funds are used. c. The annual deduction for contributions to an HSA is limited to an amount that depends on whether the taxpayer has self-only coverage V or family coverage. d. Contributions made by the taxpayer to an HSA are deductible from AGI to arrive at taxable income. e. For a high-deductible plan, the annual limit in 2020 on total out-of- pocket costs (excluding premiums) under the plan can not exceed V $6,900 for self-only coverage ($13,800 for family coverage). Tax Drill - Student Loan Interest In 2020, Brian and Erin, who are married and file a joint return, paid $4,700 of interest on a qualified student loan. Their MAGI was $153,000. Round any division to four decimal places. Round your final answer to the nearest dollar. They may deduct $ of the student loan interest as a deduction AGI.Tax Drill - Refund of State Income Taxes Janice, a cash basis, unmarried taxpayer, had $1,350 of state income tax withheld during 2020. Also in 2020, Janice paid $200 that was due when she led her 2019 state income tax return and made no estimated payments on her 2020 state income tax. When Janice les her 2020 Federal income tax return in April 2021, she elects to deduct $1,600 of sales/use taxes paid as an itemized deduction on Schedule A in lieu of deducting her state income taxes. As a result of overpaying her 2020 state income tax, Janice receives a refund of $360 early in 2021. How much of the refund will Janice include in her 2021 gross income in computing her Federal income tax? 7