QUESTION 49

1. Carly has two children under 13 and worked full time while her spouse, Michael, was attending college for 9 months during the year. Carly incurred $7,000 of child care expenses. In calculating the credit for child care expenses, the applicable percentage would be multiplied by which of the following amounts?

   	a.	$6,000
   	b.	$7,000
   	c.	$4,500
   	d.	$3,000

QUESTION 50

1. John incurred the following expenses during 2019: $1,000 dues at a health club he joined at the suggestion of his physician to improve his general physical condition, $250 for multiple vitamins, $300 for nonprescription nicotine gum, $500 for insulin, $1,000 for prescription drugs and $3,000 for doctor's bills. Ignoring the AGI limitation, what is John's maximum allowable medical expense deduction?

   	a.	$4,500
   	b.	$4,000
   	c.	$4,750
   	d.	$5,500