Question
7. Which of the following is a true statement? (MULTIPLE CHOICE) a. A taxpayers standard deduction varies based on her medical expenses and charitable contributions.
7. Which of the following is a true statement? (MULTIPLE CHOICE)
a. A taxpayers standard deduction varies based on her medical expenses and charitable contributions.
b. The standard deduction requires all taxpayers to substantiate and collect information regarding itemized deductions.
c. A taxpayers standard deduction amount may vary with her age.
d. Bunching itemized deductions is an example of tax planning by income shifting.
e. None of the choices are true.
9. Which of the following is a true statement? (MULTIPLE CHOICE)
a. A taxpayer cannot deduct medical expenses incurred for others unless they are members of his immediate family.
b. A taxpayer can deduct medical expenses incurred for a qualified relative even if the relative does not meet the gross income test.
c.Deductible medical expenses typically include Botox treatments and other cosmetic procedures incurred to enhance a taxpayers appearance.
d.Deductible medical expenses do not include long-term care services for disabled spouses and dependents.
e. All of the choices are true.
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