Smith paid the following unreimbursed medical expenses:Dentist and eye doctor feesUSD5,000Contact lenses500Facial cosmetic surgery to improve Smith's personal appearance (surgery is unrelated to personal injury or congenital deformity)10,000Premium on disability insurance policy to pay him if he is injured and unable to work2,000What is the total amount of Smith's tax-deductible medical expenses before the adjusted gross income limitation?

1 .Tom and Sally White, married and filing joint income tax returns, derive their entire income from the operation of their retail stationery shop. Their current year adjusted gross income was USD100,000, and the Whites itemized their deductions on Schedule The following unreimbursed cash expenditures were among those made by the Whites during the year:Repair and maintenance of motorized wheelchair for physically handicapped dependent childUSD600Tuition, meals, and lodging at special school for physically handicapped dependent child in an institution primarily for the availability of medical care, with meals and lodging furnished as necessary incidents to that care8,000Without regard to the adjusted gross income percentage threshold, what amount may the Whites claim in their current year return as qualifying medical expenses?

A USD 0 B USD 8,000 C USD 8,600 D USD 600

题型: 单选题 提问时间: 2021-08-24

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2 .Which of the following statements is correct regarding the deductibility of an individual's medical expenses?

A A medical expense deduction is allowed for payments made in the current year for medical services received in earlier years. B A medical expense deduction is not allowed for Medicare insurance premiums. C A medical expense paid by credit card is deductible in the year the credit card bill is paid....

题型: 单选题 提问时间: 2021-08-24

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3 .During the year, Scott charged USD4,000 on his credit card for his dependent son's medical expenses. Payment to the credit card company had not been made by the time Scott filed his income tax return in the following year. In addition, in the current year, Scott paid a physician USD2,800 for the medical expenses of his wife, who died in the prior year. Disregarding the adjusted gross income percentage threshold, what amount could Scott claim in his current year income tax return for medical expenses?

A USD 0 B USD 6,800 C USD 2,800 D USD 4,000

题型: 单选题 提问时间: 2021-08-24

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4 .Alex and Myra Burg, married and filing joint income tax returns, derive their entire income from the operation of their retail candy shop. Their adjusted gross income was USD50,000. The Burgs itemized their deductions on Schedule The following unreimbursed cash expenditures were among those made by the Burgs during the year:Repair and maintenance of motorized wheelchair for physically handicapped dependent childUSD 300Tuition, meals, and lodging at special school for physically handicapped dependent child in the institution primarily for the availability of medical care, with meals and lodging furnished as necessary incidents to that care4,000State income tax1,200Self-employment tax7,650Four tickets to a theatre party sponsored by a qualified charitable organization; not considered a business expense; similar tickets would cost USD25 each at the box office160Repair of glass vase accidentally broken in home by dog; vase cost USD500 5 years ago; fair value USD600 before accident and USD200 after accident90Fee for breaking lease on prior apartment residence located 20 miles from new residence500Security deposit placed on apartment at new location900Without regard to the adjusted gross income percentage threshold, what amount may the Burgs claim in their current year return as qualifying medical expenses?

A USD0 B USD300 C USD4,300 D USD4,000

题型: 单选题 提问时间: 2021-08-24

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5 .In the current year, Drake, a disabled taxpayer, made the following home improvements:CostPool installation, which qualified as a medical expense and increased the value of the home by USD25,000USD100,000Widening doorways to accommodate Drake's wheelchair (the improvement did not increase the value of his home)10,000For regular income tax purposes and without regard to the adjusted gross income percentage threshold limitation, what maximum amount would be allowable as a medical expense deduction in the current year?

A USD 10,000 B USD 85,000 C USD 110,000 D USD 75,000

题型: 单选题 提问时间: 2021-08-24

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7 .During the year, the Andradis', who were both under age 65, paid the following expenses:Unreimbursed costs for prescription drugs required for their dependent daughter's medical conditionUSD2,300Mrs. Andradis' face lift4,000Physical therapy for their dependent son's soccer injury3,000Massage therapy fees at Mr. Andradis' health club obtained because he enjoys massages500The Andradis' adjusted gross income for the current year was USD65,000. What amount could be claimed on the Andradis' current year tax return for medical expenses?

A USD2,300 B USD4,875 C USD5,300 D USD0

题型: 单选题 提问时间: 2021-08-24

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8 .Matthews was a cash basis taxpayer whose current year records showed the following:State and local income taxes withheldUSD1,500State estimated income taxes paid December 30 of the current year400Federal income taxes withheld2,500State and local income taxes paid April 17 of the following year300What total amount was Matthews entitled to claim for taxes on her current year Schedule A of Form 1040?

A USD 1,900 B USD 2,200 C USD 4,700 D USD 1,500

题型: 单选题 提问时间: 2021-08-24

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9 .Alex and Myra Burg, married and filing joint income tax returns, derive their entire income from the operation of their retail candy shop. Their adjusted gross income was USD50,000. The Burgs itemized their deductions on Schedule The following unreimbursed cash expenditures were among those made by the Burgs during the year:Repair and maintenance of motorized wheelchair for physically handicapped dependent childUSD300Tuition, meals, and lodging at special school for physically handicapped dependent child in the institution primarily for the availability of medical care, with meals and lodging furnished as necessary incidents to that care4,000State income tax1,200Self-employment tax7,650Four tickets to a theatre party sponsored by a qualified charitable organization; not considered a business expense; similar tickets would cost USD25 each at the box office160Repair of glass vase accidentally broken in home by dog; vase cost USD500 5 years ago; fair value USD600 before accident and USD200 after accident90Fee for breaking lease on prior apartment residence located 20 miles from new residence500Security deposit placed on apartment at new location900What amount should the Burgs deduct for taxes expense in their itemized deductions on Schedule A for the current year?

A USD7,650 B USD5,025 C USD3,825 D USD1,200

题型: 单选题 提问时间: 2021-08-24

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10 .Robbe, a cash basis single taxpayer, reported USD50,000 of adjusted gross income last year and claimed itemized deductions of USD5,500, consisting solely of USD5,500 of state income taxes paid last year. Robbe's itemized deduction amount, which exceeded the standard deduction available to single taxpayers for last year by USD1,150, was fully deductible and it was not subject to any limitations or phase-outs. In the current year, Robbe received a USD1,500 state tax refund relating to the prior year. What is the proper treatment of the state tax refund?

A Include none of the refund in income in the current year. B Include USD1,500 in income in the current year. C Include USD1,150 in income in the current year. D Amend the prior-year's return and reduce the claimed itemized deductions for that year.

题型: 单选题 提问时间: 2021-08-24

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