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Exercise Date QUESTION 12 Taxpayer pays state and local taxes as follows: Sales Tax - $2,500 State Income Tax - 55,000 Property Taxes - $11,000

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Exercise Date QUESTION 12 Taxpayer pays state and local taxes as follows: Sales Tax - $2,500 State Income Tax - 55,000 Property Taxes - $11,000 Assuming taxpayer takes itemized deductions, what amount of these taxes will be recognized as a deduction? O $11,000 O $0 O $18.500 $10,000 QUESTION 13 Taxpayer made the following cash charitable contributions during the tax year: Habitat for Humanity - $500 Goodwill - $1,000 St. Jude Children's Hospital - $500 Raffle tickets being sold by a neighbor to raise money for his kid's college fund - $750 Assuming taxpayer takes itemized deductions, what amount of these contributions will be recognized as a deduction? $750 O $0 $2,000 $2,750

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