1) Gail is a single elementary school teacher. She buys the following items for use in her classroom in 2018:

Construction paper and tissues $45

Materials for decorating the classroom bulletin boards $200

Artist's smock used for in-class finger painting $30

12 Dozen erasers $15

What amount can Gail deduct either as a for or from AGI deduction in 2018?

a. $250 as a for AGI deduction and $0 as a from AGI deduction

b. $250 as a for AGI deduction and $30 as a from AGI deduction (subject to 2% of AGI)

c. $290 as a for AGI deduction and $0 as a from AGI deduction

d. $250 as a for AGI deduction and $40 as a from AGI deduction

2)Over the years, Monica contributed $15,000 to a Roth IRA opened 10 years ago. The IRA has a current value of $37,500. She is 54 years old and takes a distribution of $25,000. How much of the distribution will be taxable to Monica?

a. $10,000

b. $0

c. $25,000

d. $37,500

e. $15,000