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Question 23 12 points) Tim and George file the tax returns married fling jindy. Their combined. AGE 57.500. They have medical expenses as follows: Prescription

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Question 23 12 points) Tim and George file the tax returns married fling jindy. Their combined. AGE 57.500. They have medical expenses as follows: Prescription Medications 5600 Dental Care 54,500 Emergency Room Visits 51.500 X-Rays and Imaging 5800 They received reimbursements from their insurance company in the amount of $1.651. How much can they claim as a deduction for medical expenses (fer limitations? a) $0 Ob) $1,436 c) $5,749 d) $7.400 Question 24 (2 points) Caroline, a single taxpayer, owns 2,000 shares of qualifying small business stock that she purchased for $230,000. During the current year, she sells 800 of the shares for $35,000. If this is the only stock Caroline sells during the year, what can she deduct as an ordinary and capital loss? a) Ordinary loss Capital loss $57,000 $-0- b) Ordinary loss Capital loss $50,000 $3,000 c) Ordinary loss Capital loss $50,000 $7,000 d) Ordinary loss Capital loss $-0- $3,000 e) Ordinary loss Capital loss $-0- $60,000

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