Question

Question 6.6. Abel's car was completely destroyed in an accident that was his fault. His loss was $8,500 and his insurance company reimbursed him $6,500. What amount of casualty loss can Abel claim on his return (before deduction limitations)? (Points : 1)

$ 0
$2,000
$6,500
$8,500

Question 7.7. Paola is a freshman in the UC-Davis degree program in veterinary medicine. In 2014, Paola paid $3,000 in tuition, $500 for books, and $250 for supplies for class. Paola also paid room and board of $3,500. What is the total qualifying education expense for the student loan interest deduction for Paola in 2014? (Points : 1)

$7,250.
$3,750.
$3,500.
$3,000.

Question 8.8. For the current year, Sheila Jones had adjusted gross income of $100,000. During the year, she contributed $6,000 to her church and an additional $3,000 to qualified charities. She also contributed religious artwork with a fair market value of $60,000 and a basis of $20,000 to her church. The church intends to display the religious artwork in the church foyer. If Sheila chooses to itemize her deductions, what is the amount of her deductible charitable contribution? (Points : 1)

$ 9,000.
$20,000.
$39,000.
$49,000.

Question 9.9. Which of the following expenses is not deductible as medical expense? (Points : 1)

Insulin used for diabetes.
Wig purchased upon the advice of a physician for the mental health of a patient who has lost all of his/her hair from disease.
Swimming lessons, recommended by a doctor for improvement of general health.
Acupuncture used to treat migraines.