11. Fred Woods makes a charitable contribution to a public charity. The contribution consists of 100 shares of Ajax Corporation capital stock with a market value of $1,600 and a basis (to Fred) of $900. What is the amount of Fred's contribution? A. B. $1,600 900 22 C. D. 1,800 700 E. None of the above In 2021, Mary Thomas wins a $10,000 lottery prize, but loses $3,500 betting on horse races. Assuming that Mary itemizes her deductions, how will she report the gambling activity on her federal income tax return? Gross income of $10,000; zero deduction A. B. Gross income of $6,500; zero deduction C. Gross income of $10,000; $3,500 deduction for AGI D. Gross income of $10,000; itemized deduction of $3,500 E. None of the above 13. Deductions for business gifts are limited to what amount per individual each year? A. $ B. 25 250 C. 10 D. 2,500 E. None of the above 14. A self-employed attorney uses a country club for entertainment and client meetings. During 2021, the attorney spends amounts as set out below at the club. Annual dues Personal meals Business meals Business entertainment $1,000 1,500 2,500 3,000 What amount will be deducted from business income on the attorney's 2021 federal income tax return? A. $ 0 B. 1,250 C. 2,500 D. 2,250 E. None of the above 15. Generally, the term "medical care" as defined for purposes of the medical expense itemized deduction includes A Health club fees B Dental check-ups Facelifts DE D All of the above None of the above