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For each of the following items, select from the list provided the appropriate tax treatment for Beth Page. A choice may be used once, more

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For each of the following items, select from the list provided the appropriate tax treatment for Beth Page. A choice may be used once, more than once, or not at all. Transaction Answer Choices 1. For 2015, Page had a $30,000 cash charitable contribution carryover from her 2014 cash donation to the American Red Cross. Page made no additional charitable contributions in 2014. A) Not deductible on Form 1040 B) Deductible in full on Schedule A- Itemized Deductions 2. During 2015, Page had investment interest expense C) Deductible on Schedule A- of $1,000. This amount did not exceed her net investment income. Itemized Deductions subject to a limitation of 50% of adjusted gross income 3. For 2015, Page paid $1,500 to an unrelated person to care for her son while she worked D) Deductible on Schedule A - Itemized Deductions as miscellaneous deduction subject to a threshold of 2% of adjusted gross income 4. In 2015, Page paid $4,000 Interest on the $80,000 acquisition mortgage of her principal residence. The mortgage is secured by Page's home. Page received a Form 1098 listing the interest she paid. E) Deductible on Schedule E- Supplemental Income and Loss F) A credit is allowable

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