Colin (Age 40) Is Single and Itemizes His Deductions

question 7

Multiple Choice

Colin (age 40) is single and itemizes his deductions. His AGI is $100,000. Colin provided the following information about his cash expenditures for 2018: Interest on loan to purchase corporate securities $ 900
Interest on American Express card 1,200
Points to refinance his home at the end of December 2,600
Mortgage interest payments 11,800
Real estate taxes 2,100
State income taxes withheld on salary 5,400
Additional state income tax estimated payment 1,200
Contribution to Republican Party 2,000
Contribution to United Way 500
How much are Colin's deductible contributions?

• A) $500
• B) $1,000
• C) $1,500
• D) $2,500

Grasp the role of religion and revival movements in shaping nineteenth-century American society.

Identify the characteristics and significance of the "self-made man" mythology in American culture.

Analyze the impact of the market revolution on social structures, including the rise of distinct class systems and the middle class.

Comprehend the importance and effects of nativism and immigration in the context of the market revolution.

---

Definitions:

Cultures

Cultures encompass the social behavior, norms, knowledge, beliefs, arts, laws, customs, capabilities, and habits of the individuals in these social groups.

PolyChronic

A cultural attitude towards time, viewing it as flexible and multitasking as preferable, allowing multiple activities to be done simultaneously.

Low-Context Culture

A culture in which communication is expected to be explicit and direct, with less reliance on unspoken context.

Etiquette

A set of conventional rules and customs for polite behavior in social or professional settings.