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Using new tax codes 27. George is single and age 56, has AGI of $265,000, and incurs the following expenditures in 2018. Medical expenses (before

Using new tax codes image text in transcribed
27. George is single and age 56, has AGI of $265,000, and incurs the following expenditures in 2018. Medical expenses (before 7.5%-of-AGI floor) Interest on home mortgage State income tax State sales tax Real estate tax Charitable contribution What is the amount of itemized deductions George may claim? $27,000 15,500 7,500 4,500 8,600 6,500 28. Georgia had AGI of $100,000 in 2018. She donated Heron Corporation stock with a basis of $8,500 to a charitable organization on July 5, 2018 What is the amount of Georgia's deduction, assuming that she purchased the stock on December 4, 2017, and the stock had a fair market value of $15,000 when she made the donation? a. b. Assume the same facts as in a, except that Georgia purchased the stock on July 1,2010

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