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PLEASE ANSWER ASAP Justin and Jessica Lake are married filing a joint tax return. Justin and Jessica are newly licensed CPAs and work for a

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PLEASE ANSWER ASAP

Justin and Jessica Lake are married filing a joint tax return. Justin and Jessica are newly licensed CPAs and work for a local public accounting firm. During the current tax year, the following events took place. For items 1 through 10, fill-in the appropriate tax treatment (e.g., A). A tax treatment may be selected once, more than once, or not at all. A Not deductible on Form 1040. B Deductible in full in Schedule A -Itemized Deductions. C Deductible in Schedule A - Itemized Deductions, subject to a threshold of 10% of AGI. D Deductible in Schedule A-Itemized Deductions, subject to a limitation of 50% of AGI. E Deductible in Schedule A-Itemized Deductions, subject to a $100 floor and a threshold of 10% of AGI. F Deductible in Schedule A-Itemized Deductions, subject to a $10,000 limit for nonbusiness state and local taxes. (1) Payment of a personal property tax based on the value of the Lake's car. (2) Used clothes were donated to church organizations. (3) Justin paid for subscriptions to accounting journals. (4) Interest was paid on a $20,000 home-equity line of credit secured by the Lake's residence. The fair market value of the home exceeded the mortgage by $50,000. Justin used the proceeds to purchase a sailboat for personal use, which he named "Cry Me A River." (5) Amounts were paid in excess of insurance reimbursement for prescription drugs. (6) Cost of attending review course in preparation for the CPA Examination. (7) Theft loss during federally declared disaster was incurred on Jessica's jewelry in excess of the insurance reimbursement. There were no 2018 personal casualty gains. (8) Loss on the sale of the family's sailboat. (9) Interest was paid on the $300,000 acquisition mortgage on the Lake's home. The mortgage is secured by their home. (10) Jessica performed free accounting services for the American Red Cross. The estimated value of the services was $500. Justin and Jessica Lake are married filing a joint tax return. Justin and Jessica are newly licensed CPAs and work for a local public accounting firm. During the current tax year, the following events took place. For items 1 through 10, fill-in the appropriate tax treatment (e.g., A). A tax treatment may be selected once, more than once, or not at all. A Not deductible on Form 1040. B Deductible in full in Schedule A -Itemized Deductions. C Deductible in Schedule A - Itemized Deductions, subject to a threshold of 10% of AGI. D Deductible in Schedule A-Itemized Deductions, subject to a limitation of 50% of AGI. E Deductible in Schedule A-Itemized Deductions, subject to a $100 floor and a threshold of 10% of AGI. F Deductible in Schedule A-Itemized Deductions, subject to a $10,000 limit for nonbusiness state and local taxes. (1) Payment of a personal property tax based on the value of the Lake's car. (2) Used clothes were donated to church organizations. (3) Justin paid for subscriptions to accounting journals. (4) Interest was paid on a $20,000 home-equity line of credit secured by the Lake's residence. The fair market value of the home exceeded the mortgage by $50,000. Justin used the proceeds to purchase a sailboat for personal use, which he named "Cry Me A River." (5) Amounts were paid in excess of insurance reimbursement for prescription drugs. (6) Cost of attending review course in preparation for the CPA Examination. (7) Theft loss during federally declared disaster was incurred on Jessica's jewelry in excess of the insurance reimbursement. There were no 2018 personal casualty gains. (8) Loss on the sale of the family's sailboat. (9) Interest was paid on the $300,000 acquisition mortgage on the Lake's home. The mortgage is secured by their home. (10) Jessica performed free accounting services for the American Red Cross. The estimated value of the services was $500

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