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plz help Alice is a fifth grade elementary school teacher. In 2021, she spent $275 from her own Eunds to buy prize for her students.
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Alice is a fifth grade elementary school teacher. In 2021, she spent $275 from her own Eunds to buy prize for her students. She can claim the following deduction for purerlasing the prizes: Question 14 of 32 3 points Save Ans $275 for AGI $250 for AGI $275 as an itemized deduction $250 as an itemized deduction On February 9, 2016, Harry sold stock with a cost of $12,000 to his sister Florine for $7,000, its fair market value. On July 30, 2021, Florine sold the same stock for $16,200 to a friend in a bona fide transaction. What is the proper treatment in 2021 for these transactions? Neither Harry nor Florine has a recognized gain or loss. Harry has 3 recognized 1093 of $5,000 Florine has a recognized gain of $4,200. Florine has a recognizes gain of $9.200. Saul paid $16,000 premium on his ordinary life insurance policy. He held the policy for 15 year: and cashed it $ 45,000. In the year Saul received the $ 45,000, he must include what amount in gross income? 3 points Save in prior to his death and received the cash-surrender value of So O $16.000 545,000 $29.000Step by Step Solution
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