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All final answers, unless otherwise indicated, have been rounded to the nearest $10. Also, assume that each question is independent of any other question. please
All final answers, unless otherwise indicated, have been rounded to the nearest $10. Also, assume that each question is independent of any other question. please answer questions using tax rules in effect for the year 2021, but ignoring temporary Covid-10 related changes.
6. Albert Able, age 52, paid expenses during 2021, as set out below. Hospital and doctor bills (for self and wife, age 50) Prescription medicine (for self and wife) Insulin for Albert Life insurance premiums on Albert's life Prescription medicine for Albert's dependent mother, age 71 $840 730 1,200 1,000 5,060 Assuming the Ables' adjusted gross income was $60,000, how much of a medical expense deduction can Albert and Anne take on their joint Form 1040 return? A. $1,770 B. 4,330 C. 3,330 D. 7,830 E. None of the above 7. Which of the following expenditures would not be allowed as a deduction? If more than one would not be allowed, select either D or E. A. A speeding ticket B. An expense incurred while operating an illegal gambling business C. A government imposed penalty D. None of the above - - neither A nor C would be allowed E. None of the above neither A,B, nor C would be allowed
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