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PROBLEMS During the year George Gable, age 5 6 , and his wife, age 5 1 , incurred and paid the following medical expenses for
PROBLEMS
During the year George Gable, age and his wife, age incurred and paid the following
medical expenses for which they received no reimbursement:
George also paid $ for prescription drugs for his brother, age who would have
qualified as George's dependent under pre rules. Assuming the Gables' adjusted gross
income for the year was $ what is the amount that they may claim as medical
deduction on a joint return?
The following taxes were paid by the Allens in the current year: real estate taxes on their
home, $; state income taxes, $; city sales tax, $; and state gasoline tax
personal use of automobile $ In itemizing their deductions, what is the maximum
amount that the Allens may claim as a deduction for taxes?
How much of the following could Diana Collier deduct as an itemized deduction?
John Jones incurred the following interest items for the current year:
He earned $ in investment income from the investments. What is his itemized interest
deduction?
Which of the following interest expenses are deductible on a federal income tax return?
Please show the work and explain the answer
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