Chuck is an unmarried individual with an AGI of $65,000 who pays $2,000 of student loan interest. What is the deductible amount of student loan interest? Clara is a self-employed consultant who just completed a business trip. She flew from to Cincinnati to San Diego on Monday, worked on business matters on Tuesday through Thursday, took personal days on Friday and Saturday, and returned to Cincinnati on Sunday. The flight charge was $560. Meals were $70 per day and lodging was $240 per day. What is the deductible portion of Clara's trip? In making your calculation, use the 50% rule for meals instead of the temporary 100% rule. UUULUTITI PUIT Barbara has two business assets that were either wholly or partially destroyed during a tornado. One was a truck with a basis of $34,000 and a market value of $30,000 before the tornado and a value of $15,000 after. The other was a storage and utility building with a basis of $40,000, a market value of $35,000 before the tornado, and no value after due to total destruction. She received $50,000 of insurance proceeds for these two damaged assets. (Topic 5) In 2021, Caroline pays real estate taxes of $6,000 on her residence, $17,000 of state income taxes and personal property taxes of $1,000. What is the deductible amount of her itemized deduction for state and local taxes for the year? (Topic 7)