QUESTION 19 Georgie has gross income of $5,000 from an activity that has been deemed to be a hobby by the IRS. Her expenses related to the activity include property taxes of $3.000, operating expenses of $1,500, and depreciation expense of $800. What would be Georgie's deductible expenses for the year and where would they be taken? O $3,000 Schedule A (itemized Deductions) O $3,000 Schedule C (Profit or loss from Business) O $5,000 Schedule A (Itemized Deductions) O $5,000 Schedule C (Profit or Loss from Business) O $5.300 Schedule C (Profit or Loss from Business) QUESTION 20 Alexis is single and in the 22% tax bracket. For the current year, assume she claims a standard deduction of $12.000. In addition, she is able to take a $1,000 education tax credit. What is the total tax benefit derived by Alexis as a result of claiming these items on her tax return? 2. O $1.000 2,860 O $3.640 O $12,220 O $13.000 QUESTION 21