Remaining Time: 31 minutes, 53 seconds. Question Completion Status: QUESTION 12 Unused investment interest expense: expires after the current year None of these is carried forward twenty years is carried forward indefinitely is carried back two years QUESTION 13 "To calculate again or loss on the sale of an asset, the proceeds from the sale are reduced by which of the following?" All of these Selling expenses Tax basis of the property and selling expenses Tax basis of the property Amount realized QUESTION 14 2.94 po Jose paid $4600 in state income taxes in New Mexico. He pad $7.900 for property taxes on his home in El Paso and $2.500 for property taxes for his mountain Chick Save and un d Chick Save All A Remaining Time: 31 minutes, 36 seconds. Question Completion Status: QUESTION 14 "Jose paid $4,600 in state income taxes in New Mexico. He also paid 57,900 for property taxes on his home in El Paso and $2.500 for property taxes for his mountain home in Silver City. How much can jose tax expense can Jose deduct in 2019?" "$15,000 $10,400 "$10,000 None of these expenses are deductible "$7,100 QUESTION 15 "Leroy employer has offered him the following employment package at Providence Hospital Salary..$300,000, Housing Allowance to live close to hospital. 525,000 Dental Insurance $2,000, Life Insurance. $10,000, Membership to EP Fitness $7.000, Tuition reimbursement for continuing education $3,000. What is Leroy gross income from his employment QUESTION 16 2.94 Elsa since self employed contractor who earns $60,000 per year in self-employment income. Ell paid the following expenses this year. Which of the expenses are deductible for AGI? 1. The cost of health insurance 2. The cost of business office supplies expense Click Save and submit to and submit Click Save All Amers t aller SVAA