This year Mary received a $630 refund of state income taxes that she deducted on her tax return last yeat. Mary included a total of $7,550 of state income taxe4 when she iremized deductions last year. What amount of the refund, if any, should Mary include in her gross income this year? Multipie Choice $630 is included because Mary itemized her deductions last year. 5630 is included if isemized deductions exceeded the standerd deduction by $630 $630 is included beceuse inemized deductions exceeded the standard deduction. $630 is inciuded even if Mery cleimed the standerd deduction None of the choices are correct - refunds of atete income taxes are not included in gross income Margaret Lindley paid $15,160 of interest on her $301,600 acquisition debt for her home ffair market value of $501,600). 54,160 of interest on her $30,160 homeequily debt used to buy a new boat and cat, $1,160 of credit card interest, and $3,160 of margin interest for the purehase of stock. Assume that Margaret Lindley has $10.160 of interest income this year and no investment expenses. How much of the interest expense may she deduct this year? Multipie Choice $23.640 522.480 519.320 518,320 None of the choices ere collect. Ms. Fresh bought 1,000 shares of ibis Corporation stock for $6,100 on January 15,2019 . On December 31, 2022, she sold all 1,000 shares of her lbis stock for \$5,050. Based on a hot tip from her friend, she bought 1,000 shares of lbis stock on January 23, 2023, for $3,275. What is M5. Fresh's recognized loss on her 2022 sale, and what is her basis in her 1.000 shares purchased in 2023 ? Multupie Choice 50 LTCL and $4,325 besis \$420 LTCL and $3.905 besis 5630 LTCL and 53695 besis SB4OLTCL and S: 485 besis sto50 LtCL and 53,235 bee