23. Tom is a single filer living in the state of New Jersey, if Tom pays $6,000 of income tax and $5,000 of property tax in 2022, how much of an itemized deduction could he potentially claim for these taxes?*

$6,000

$5,000

$10,000

$11,000

24. Jenine bought her primary house for $800,000 in 2022, the mortgage principal was $600,000 at a 5% interest rate. Her total interest paid in 2022 was $30,000 how much can she claim as an itemized deduction?*

$30,000

$10,000

$16,875

$9,000

25. Diane refinanced her home and received cash in the amount of $200,000, she used the cash to pay for a dream vacation, the interest on the cash received was $6,000 for 2022, how much of a tax deduction is Diane eligible for?*

$6,000

$0

$3,000

$4,500

26. Jim donated $200 to his local Red Cross Charity, he does not have a receipt, but can provide a copy of the cleared check, how much of an itemized deduction can Jim potentially claim?*

$200

$0

$150

$100