Joe's 2020 medical expenses before reimbursement for the year include the following: Medical premlums $11,000, doctors hospitals $3,500, prescription $700. Joe's AGi for the year is $50,000. He is single and age 58. Joe also receives a reimbursement for medical expenses of $1,000. Joe's deduct ble modical expenses that will be added to the other itemared deductions will be A. 510,450 6. 514.100 C. $10,100 0.510,350 QUESTION 24 Cathy received land as a gift from the grandtather. At the fime of the gitt the land had a FMV of $105.000 and an adjusted basis of $85,000 to Cathy's grandfather. The grandfather did not have any gAt taxes dve. One year later, Cathy sold the land for $105,000. What was her gain (or loss) on this transaction? A. $25,000 gain A. $5,000 loss C. $20,000 gain D. No gain or loss QUESTION 25 Justin purchased 50 shares of Short Corporation for $500. During the current year, Short declared a nontaxable 10\%, stock dividend. What is the basis per share before and after the stock dividend is distributed? A. Belore afier $10$9.09 B. Before after $10:$10 C. Bofore After $10$11 D. Before After $9.09$10