1)

Jerry incurred the following expenses during 2020: $1,000 dues at a health club he joined at the suggestion of his physician to improve his general physical condition, $250 for multiple vitamins, $300 for nonprescription nicotine gum, $500 for insulin, $2,000 for prescription drugs and $4,000 for doctor's bills. Ignoring the AGI limitation, what is Jerry's maximum allowable medical expense deduction?

	a.	$4,500
	b.	$6,500
	c.	$6,000
	d.	$6,900

2)

Joel has the following capital gains and losses for 2021: $6,000 STCL, $5,000 28% gain, $2,000 25% gain, and $6,000 0%/15%/20% gain. Which of the following is correct:

	a.	The net capital gain is composed of $1,000 28% gain and $6,000 0%/15%/20% gain.
	b.	The net capital gain is composed of $5,000 28% gain and $2,000 0%/15%/20% gain.
	c.	The net capital gain is composed of $1,000 25% gain and $6,000 0%/15%/20% gain.
	d.	The net capital gain is composed of $3,000 28% gain, $2,000 25% gain, and $2,000 0%/15%/20% gain.