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QUESTIONS Tory a single, calendar year, cash basis taxpayer; paid state income taxes of $8,000 during 2019. When she filed her 2019 state income tax

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QUESTIONS Tory a single, calendar year, cash basis taxpayer; paid state income taxes of $8,000 during 2019. When she filed her 2019 state income tax return in 2020, she received a refund of 5900 Her itemized deductions for 2019, which included her state income taxes paid, totaled $12.750. Under the tax benefit rule, how much of the refund must be included in Tonya's 2020 income? Tonya is 37 years old and not blind $450 5900 SO 5550 QUESTION 9 Maria loaned both of her children $10,000 interest free on January 1, 2020 Bobby used his loan proceeds to make a down payment on his personal residence. His net investment Income was $1,025 for 2020 Shelia used her loan proceeds to purchase Amazon stock. Her net investment income was $1,010 for 2020 Assuming Maria was not attempting to shift income to the children, and the applicable Federal rare's 10% how much interest income must she include on her 2020 return? The loans were outstanding for the entire year with interest compounded semiannually $1,025 $2,050 $1,000 $1,010 Click Submit tot Chicken SA hings and directe

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