Shannon has investment expenses of $1,354 that she wants to deduct on her Schedule A. Her

income for the year is listed below. Determine the amount of Shannon's investment interest

deduction.

Wages $57,500

Savings account interest 200

Checking account interest 124

Dividends 34

Reinvested dividends 119

a) $ 477

b) $ 996

c) $ 358

d) $1,354

Sarah makes significant cash and non-cash charitable contributions each year. Which of the

following would not be a deductible charitable contribution?

a) Donations of canned goods to food banks

b) Tithes to a church

c) Donation of money for a child who needs a heart transplant

d) Clothing donated to the Salvation Army

Audrey donated the following items during the year:

Tithes to her church $4,689

Clothing to the Salvation Army 650

United Way payroll deduction 500

Audrey volunteered at the local homeless shelter during the year. She worked for an hour per

day Monday through Friday and 8 hours on Saturday. She worked a total of 279 days during

the year. She had to have uniforms which cost $215, and she wore safety shoes (required by

the shelter) which cost $65. Audrey traveled 5 miles each way to get to the homeless shelter.

Audrey's AGI is $200,000.

What is the amount of Audrey's charitable contribution deduction for the tax year?

a) $5,839

b) $6,119

c) $5,619

d) $6,510