Of the Following Statements About Medical Expenses, Which One Is

question 78

Multiple Choice

Of the following statements about medical expenses, which one is correct?

• A)A taxpayer can only claim his own medical expenses.
• B)The claim must be made in the calendar year the expense was incurred.
• C)Only expenses in excess of a specified amount are eligible for a tax credit.
• D)The amount of the tax credit is dependent on the taxpayer's marginal tax rate.