Question: 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 Using new tax codes 27. George is single and age 56,

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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