Question 25 (1 point) Chuck is an unmarried individual with an AGI of $65,000 who pays $2,000 of student loan interest. What is the deductible amount of student loan interest? (Topic 7) DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!! Barbara has two business assets that were either wholly or partially destroyed during a tornado. One was a truck with a basis of $34,000 and a market value of $30,000 before the tornado and a value of $15,000 after. The other was a storage and utility building with a basis of $40,000, a market value of $35,000 befo e the tornado, and no value after due to total destruction. She received $50,000 of insurance proceeds for these two damaged assets. (Topic 5) What is the amount of her deductible business casualty loss? DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!! A/ Rodney invested $50,000 in a partnership interest during January of 2020. Under the partnership agreement, Rodney was allocated $25,000 of the partnership's recourse loans at the time of entering into the partnership. During 2020, Rodney's share of income from the partnership was $8,000 and he withdrew $6,000 in cash. Also during the year, the partnership paid off $50,000 of its recourse loans and Rodney's allocable share of this loan reduction was $5,000. At the beginning of 2021, what was Rodney's amount at risk in the partnership investment? (Topic 8) DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!! A/ Pam owns a small rental office building that she actively manages and she spends about 300 hours per year working on building matters. The rental loss from operating the building is $9,000. Pam adjusted gross income is $138,000 (from employment income of $133,000 and dividend income of $5,000). (CH11) What is the amount of Pam's deductible rental loss? DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!!! ENTER THE LOSS AS A POSITIVE NUMBER. A/