Taiwo Bello Standard deductions: Single, Married filing separa Qualifying widowing ssparate -$12,000; Head of Household-$18,000, Married filim eiGrace has AG 4. I of $60,000 in 2016, 2017, and 2018 She makes cash contributions to pu charities of $40,000 in 2016, $37,000 in 2017, and $34 carryover to 2019 is in 2017, and $34,000 in 2018 . Grace's charitable co A) $0. B) $3,000 carryover from 2018. C) $3,000 carryover from 2016. D) $ 2,000 carryover from 2016 and 1,000 carryover from 2017. 6. Edward purchased stock last year as follows: Month March July October Total Cost $270 $600 $1,200 Shares 100 200 600 In April of this year, Edward sells 80 shares for $250. Edward cannot specifica stock sold. Edward has a recognized gain of A) $90 B) $66. C) $34 D) $10 Use the following information to answer questions 7 and 8. Chana purchased 400 shares of Tronco Corporation stock for $40,000 on December 27, 2017, Chana sells the 400 shares for $24,000. Chana purcd Tronco Corporation stock on January 16, 2018 for $8,000. 7. Chana's recognized loss on sale of the 400 shares in 2017 is A) SO B) $4,000 C) $12,000