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Nasim paid the following taxes this year: Real estate taxes on rental property she owns $6,500 Real estate taxes on her own residence 5,200 Federal

Nasim paid the following taxes this year:

Real estate taxes on rental property she owns

$6,500

Real estate taxes on her own residence

5,200

Federal income taxes

12,000

State income taxes

7,500

For 2018, what amount of taxes (SALT) can Nasim deduct as an itemized deduction on her tax return?

A) $5,200  

B) $7,500

C) $10,000

D) $19,200

2.

Aki's records contain the following information:

1.   Donated stock having a fair market value of $4,000 to a qualified charitable organization. He acquired the stock six months previously at a cost of $3,000.

2.   Paid $1,200 to a church school as a requirement for the enrollment of his son.

3.   Paid $475 for annual homeowner's association dues.

4.   Drove 500 miles in his personal auto. The travel was directly related to volunteer services he performed for her church.

How much can Aki deduct as a charitable contribution?

A) $1,250

B) $3,070  

C) $3,356

D) $4,000

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