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IT'S ONLY 2 QUESTIONS. this is just the info, which is long Roberta Wilson is 63 years old and single. Her grandson, Jacob, is 9

IT'S ONLY 2 QUESTIONS. this is just the info, which is long

  • Roberta Wilson is 63 years old and single.
  • Her grandson, Jacob, is 9 years old and lived with her all year. Roberta paid all household expenses and Jacob qualifies as her dependent.
  • Roberta and Jacob are both U.S. citizens and have valid Social Security numbers.
  • Roberta claimed EIC for Jacob on her 2015 tax return, but he only lived with her for 2 months and the credit was disallowed.
  • Roberta had wage income of $35,000 in 2018.
  • She is not sure if she should itemize or take the standard deduction.
  • Roberta paid the following:
    • $7,200 mortgage interest for a qualified home purchased in 2010.
    • In 2018, she took out a home equity loan for $8,000 to pay off her credit cards. She paid interest in the amount of $650 on this loan.
    • $9,010 for real estate taxes.
    • $1,762 for state income taxes withheld in 2018.
    • Unreimbursed doctor bills in the amount of $2,200.
    • Unreimbursed prescription drugs for $250.
    • Health club dues of $600.
    • A statement received from her church showing donations made throughout the year totaling $4,500.
    • Receipts for donations of furniture and clothing in good, used condition to Goodwill. The total estimated fair market value is $500.
    • $50 donated to a friend in need via their Go-Fund-Me account.
    • $45 paid in 2018 on her 2017 balance due state income tax return.

32. If Roberta itemizes, what amount is she able to deduct for state income and real estate taxes?

A. $9,010
B. $10,000
C. $10,772
D. $10,817

33. If Roberta chooses not to itemize, how much is her standard deduction?

A. $12,000
B. $13,600
C. $18,000
D. $19,600

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