2023 ANNUAL FEDERAL TAX REFRESHER COURSE PART 7 (FINAL EXAM) 32 Question of 100 Time left 02:40: Tim Taxpayer's father falls ill. To pay for his father's medical bills, Tim takes money out of his retirement fund. How much of this can he deduct? 25% because it came from his retirement fund 50% because it came from his retirement fund 12.5% because it was taken out of his retirement funds and is for an immediate family member. None. Only medical expenses for Tom, his spouse, and his dependents may be deducted. Moffsoft FreeCalc File Edit View Options Help Back C MC 7 8 9 MR 4 5 6 MS 1 2 3 M- 0 00 . M+ 00 +1- www