! Required Information (The following information applies to the questions displayed below.) Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowed $28,500 from County Bank and paid interest of $1,710. Lionel used the loan proceeds to pay his law school tuition. Calculate the amounts Lionel can deduct for interest on higher education loans under the following circumstances: (Leave no answer blank. Enter zero if applicable.) b. Lionel's AGI before deducting interest on higher education loans is $79,000 Interest deduction Required information The following information applies to the questions displayed below.) Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowed $28,500 from County Bank and paid interest of $1,710. Lionel used the loan proceeds to pay his law school tuition. Calculate the amounts Lionel can deduct for interest on higher education loans under the following circumstances: (Leave no answer blank. Enter zero If applicable.) c. Lionel's AGI before deducting interest on higher education loans is $90,000. Interest deduction Ray Ray made the following contributions in 2021. Charity Athens Academy School United Way American Heart Association First Methodist Church Property Cash Cash Antique painting Coca-Cola stock Cost $ 5,700 4,400 18,450 13,850 FMV $ 5,700 4,400 92,250 20,775 Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions and assuming that the American Heart Association plans to sell the antique painting to fund its operations. Ray Ray has owned the painting and Coca-Cola stock since 1990. Maximum Amount Cash contributions Property donations Tim is a single, cash-method taxpayer with an AGI of $50,000. In April of this year, Tim paid $1,040 with his state income tax return for the previous year. During the year, Tim had $4,900 of state income tax and $17,400 of federal income tax withheld from his salary. In addition, Tim made estimated payments of $1,160 and $1,820 for state and federal income taxes, respectively. Finally, Tim expects to receive a refund of $450 for state income taxes when he files his state tax return for this year in April next year. What is the amount of taxes that Tim can deduct as an itemized deduction? Deductible taxes