QUESTION 1 0.5 points You (a young person) bought a house in 2004 for $150,000. Sadly, you suffered an injury in 2020. Your doctor prescribes water aerobics as your therapy and prescribes building a pool. You spend $31,000 to build the pool. Because you built the pool your house now appraises for $165,000. Assume all of your other injury related costs were covered by your health insurance, which you pay (after-tax) $4,400 a year for. If your AGI is $200,000, what is your allowable medical expense deduction? $0 $20,400 $400 $35,400 $5,400 QUESTION 2 0.5 points I donate my old furniture to a Goodwill, a public charity. I paid around $25,000 for my furniture in 2006. I feel its worth around $16,000 today as it's not too badly scuffed up. How much of a charitable deduction can I take if I remember to get a receipt from the charity? Assume my AGI is $30,000. $25,000 $1,000 $9,000 $16,000 $15,000 QUESTION 3 0.5 points You had the following tax items: $5,000 state income taxes paid, $4,500 state sales taxes paid, $4,700 in property taxes, $500 in ad valorem taxes on your car. How much should you claim on your itemized deductions for state and local taxes? $10,200 $14,700 $10,000 $9,200 $9,700 0.5 points QUESTION 4 Meg (single taxpayer) pays $1,900 in student loan interest. Her AGI is $77,000. What is her For AGI student loan deduction? $0 $1,900 $1,013 $887