Gail is a single elementary school teacher. She buys the
following items for use in her classroom in 2018:
Construction paper and tissues | $45 |
Materials for decorating the classroom bulletin boards | $200 |
Artist's smock used for in-class finger painting | $30 |
12 Dozen erasers | $15 |
What amount can Gail deduct either as a for or from AGI deduction
in 2018?
a.$250 as a for AGI deduction and $40 as a from AGI deduction
b.$250 as a for AGI deduction and $30 as a from AGI deduction (subject to 2% of AGI)
c.$290 as a for AGI deduction and $0 as a from AGI deduction
d.$250 as a for AGI deduction and $0 as a from AGI deduction
During the current year, Mary paid the following
expenses:
Prescription drugs | $490 |
Aspirin and over the counter cold capsules | $130 |
Hospital and doctors | $700 |
Life insurance | $260 |
What is the total amount of medical expenses (before considering
the limitation based on adjusted gross income) that would enter
into the calculation of itemized deductions on Mary's current year
income tax return?
a.$700
b.$1,580
c.$1,450
d.$1,190
e.None of these choices are correct.
Gail is a single elementary school teacher. She buys the following items for use in her...
Gleim 6 Deductions from AGI [1] Which one of the following expenses does not qualify as a deductible medical expense? A. Cost of long-term care for a developmentally disabled person in a relative’s home. B. Special school for a deaf child to learn lip reading. C. Cost of elevator installed for individual who had heart bypass surgery (in excess of increase in value of individual’s home). D. Cost and care of guide dogs used by a blind person in his...