Question 11 If an individual taxpayer contributes capital gain property to a qualified public charity and wants to deduct fair market value, the deduction would be subject to which of the following limits? Question 11 options:

1) 20 percent of the taxpayer's AGI.

2) 30 percent of the taxpayer's AGI.

3) 40 percent of the taxpayer's AGI.

4) 50 percent of the taxpayer's AGI.

Question 12 Charitable contributions made and deducted by an individual must always be deducted as an itemized deduction. Question 12 options: 1) True 2) False

Question 13 Malcolm Moore, single, had medical expenses of $5,000 last year and took a $3,000 deduction. He was reimbursed $4,500 this year by his insurance company. His total itemized deductions last year were $12,000. What amount must he include in this year's tax return as gross income? Question 13 options:

1) $5,000

2) $4,500

3) $3,000

4) $2,700

5) None of these