Juanita paid $50,000 of interest on a mortgage on her home (loan of $1,000,000 at 5% interest rate to buy the residence in 2018; $1,200,000 original purchase price and value at purchase) and $6,500 of interest on a $100,000 home-equity loan on her home (loan proceeds were used to buy furniture). Juanita's AGI is $600,000. How much interest expense can Juanita deduct as an itemized deduction? Interest expense deductible [The following information applies to the questions displayed below.] Jackson is 18 years old and has a dog-sitting business. Calculate the 2021 standard deduction Jackson will claim under the following independent circumstances. a. Jackson reported $2,000 of earnings from his dog sitting and $300 in interest income from his savings account. Jackson's parents claim him as a dependent. Standard deduction [The following information applies to the questions displayed below.] Jackson is 18 years old and has a dog-sitting business. Calculate the 2021 standard deduction Jackson will claim under the following independent circumstances. b. Jackson reported $500 of earnings from his dog sitting and $2,000 in interest income from his savings account. Jackson's parents claim him as a dependent. Standard deduction [he mg mommation applies to the qu LIONS low.] Jackson is 18 years old and has a dog-sitting business. Calculate the 2021 standard deduction Jackson will claim under the following independent circumstances. c. Jackson reported $8,000 of earnings from his dog sitting and $3,000 in interest income. Jackson's parents do not claim him as a dependent Standard deduction Roquan, a single taxpayer, is an attorney and practices as a sole proprietor. This year, Roquan had net business income of $90,000 from his law practice (net of the associated for AGI self-employment tax deduction). Assume that Roquan pays $40,000 in wages to his employees, has $10,000 of property (unadjusted basis of equipment he purchased last year), and has no capital gains or qualified dividends. His taxable income before the deduction for qualified business income is $100,000. Required: a. Calculate Roquan's deduction for qualified business income. b. Assume the same facts provided above, except Roquan's taxable income before the deduction for qualified business income is $300,000. (For all requirements, leave no answer blank. Enter zero if applicable.) Parta Part b Deduction for qualified business income