Fred and Lucy Are Married,ages 33 and 32,and Together Have

question 9

Multiple Choice

Fred and Lucy are married,ages 33 and 32,and together have AGI of $120,000 in 2013.They have four dependents and file a joint return.They pay $5,000 for a high deductible health insurance policy and contribute $2,600 to a qualified Health Savings Account.During the year,they paid the following amounts for medical care: $9,200 in doctor and dentist bills and hospital expenses,and $3,000 for prescribed medicine and drugs.In October 2013,they received an insurance reimbursement of $4,400 for the hospitalization.They expect to receive an additional reimbursement of $1,000 in January 2014.Determine the maximum deduction allowable for medical expenses in 2013.

• A)$800.
• B)$3,400.
• C)$9,200.
• D)$12,800.
• E)None of the above.

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Definitions:

Continental Collision

A tectonic process where two continental plates converge, often resulting in mountain building due to the compression and uplift of land masses.

Ocean-Continent

Describes the boundary or interaction between oceanic and continental tectonic plates, typically resulting in geological features like volcanic arcs or mountain ranges.

Volcanoes

Openings in the Earth's surface from which lava, ash, and gases erupt.

Sea Level

The average height of the ocean's surface, used as a standard base measurement for elevations and depths on Earth.