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Jeff, age 70 was unable to access the second floor of his home due to hip issues. His doctor recommended that he build a bedroom

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Jeff, age 70 was unable to access the second floor of his home due to hip issues. His doctor recommended that he build a bedroom on his first floor. The cost of building the room was \\( \\$ 35,000 \\). The additional room increased the value of Jeff's home by \\( \\$ 18,000 \\). Jeff's AGI was \\( \\$ 80,000 \\). What is Jeff's medical expense deduction for the year? \\[ \\begin{array}{l} \\$ 11,000 \\\\ \\$ 17,000 \\\\ \\$ 35,000 \\\\ \\$ 0 \\end{array} \\] Frank gave \\( \\$ 500 \\) directly to a friend whose house was destroyed in a fire. He also contributed his time (value of \\( \\$ 250 \\) ) in helping clean up after the fire. What is Frank's eligible charitable deduction? \\[ \\begin{array}{l} \\$ 500 \\\\ \\$ 0 \\\\ \\$ 750 \\\\ \\$ 250 \\end{array} \\] For tax years 2018 - 2025 taxpayers are effectively taxed on \100 of the gross income generated from a hobby. Answer: True False Steven received a scholarship consisting of the following: Tuition \\( \\$ 7,500 \\) Room and board \\( \\$ 4,300 \\) Books and supplies \\( \\$ 5,000 \\) Student fees \\( \\$ 450 \\) Steven is only required to include \\( \\$ 4,300 \\) in his gross income Answer: True False

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