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18) Which of the following costs are deductible as an itemized medical expense? A) The cost of prescription medicine and over-the-counter drugs. B) Medical expenses

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18) Which of the following costs are deductible as an itemized medical expense? A) The cost of prescription medicine and over-the-counter drugs. B) Medical expenses reimbursed by health insurance. C) Medical expenses incurred to prevent disease. D) The cost of elective cosmetic surgery E) None of the above costs is deductible. 18) 19) Which of the following costs are NOT deductible as an itemized medical expense? 9) A) Transportation for medical purposes. B) The cost of insurance for long-term care services. C) The cost of eyeglasses. D) Payments to a hospital. E) All of the choices are deductible as medical expenses. 20) Which of the following taxes will not qualify as an itemized deduction? 20) A) Real estate taxes on a residence. B) State, local, and foreign income taxes. C) Personal property taxes assessed on the value of specific property D) Gasoline taxes on personal travel. E) None of the choices qualify as an itemized deduction. 21) This year Norma, a single taxpayer, paid $11,200 of real estate taxes on her personal21) residence and 9,500 of state income taxes. Which of the following is a true? A) Norma can deduct $9,500 of state income taxes as a for AGI deduction. B) Norma can deduct $11,200 of real estate taxes as an itemized deduction. C) Norma can deduct $10,000 of taxes as an itemized deduction. D) Even if Norma has no other itemized deductions, she should claim the standard deduction. E) None of the choices are correct. 22) Carly donated inventory (ordinary income property) to a church. She purchased the22) inventory last month for $100,000, and on the date of the gift, it had a fair market value of $92,000. What is her maximum charitable contribution deduction for the year related to this inventory if her AGI is $200,000 A) $60,000. B) $100,000. C) S92,000. D) S46,000 if the church sells the inventory. E) None of the choices are correct

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