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QUESTION 11 Darrin is in the hospital for three days for cancer surgery. He has health insurance but it only covers $40.000 out of the

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QUESTION 11 Darrin is in the hospital for three days for cancer surgery. He has health insurance but it only covers $40.000 out of the $50,000 hospital bill. So he pays $10,000. 5% of the hospital bill is for "meals and lodging." Ignoring the 10%-of-AGI floor, if Darrin itemizes his deductions, how much of his hospital bill will he include in his medical expenses? Zero. $7,500. $9,500. $10,000 QUESTION 12 Laura takes out a $2,000,000 mortgage loan in 2020 and uses it to buy her home. It is the only house she owns and the loan is secured by the house. The interest she pays on the loan in 2020 is $12,000. How much of that interest is deductible? Zero, because the house is her personal residence. All $12,000, because mortgage interest is deductible. $6,000. $4,500

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