Mr and Mrs Mr and Mrs

question 2

Multiple Choice

Mr. and Mrs. Gere, who are filing a joint return, have adjusted gross income of $50,000. During the tax year, they paid the following medical expenses for themselves and for Mrs. Gere's mother, Mrs. Williams. The Gere's could claim Mrs. Williams as their dependent, but she has too much gross income. $$\begin{array} { | l | r | } \hline \text { insulin for Mr. Gere } & \$ 1,000 \\\hline \text { Health insurance premiums for Mr. and Mrs. Gere } & \$ 3,100 \\\hline \text { Hospital bill for Mrs. Williams } & \$ 5,200 \\\hline \text { Doctor bill for Mrs. Gere } & \$ 4,000 \\\hline\end{array}$$ Mr. and Mrs. Gere (both age 40) received no reimbursement for the above expenditures. What is the amount of their deductible itemized medical expenses?

• A) $5,200
• B) $8,300
• C) $4,300
• D) $13,300

Identify factors affecting supply and demand in cyclical industries.

Comprehend the role of central banks in controlling money supply and interest rates.

Recognize the importance and impact of supply-side policies in the economy.

Understand the control mechanisms of money supply in the economy.

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Definitions:

First Geneva Convention

A treaty signed in 1864 aiming to ensure the care of the wounded in wartime on land, establishing humanitarian rules of war.

Clara Barton

Known as the founder of the American Red Cross, she was a pioneering nurse who provided care in the Civil War and was instrumental in improving the medical care system.

Endorse

To publicly or officially support a candidate, policy, or product.

Confederate Draft

The conscription system used by the Confederate States of America during the American Civil War to enlist soldiers into the army, which was the first instance of compulsory service in the history of the United States.