In 2018, the Amount of the Deduction for Medical Expenses

question 18

True/False

In 2018, the amount of the deduction for medical expenses for regular tax purposes may be different than for AMT purposes.

---

Definitions:

Covariance

A measure of the degree to which returns on two risky assets move in tandem. A positive covariance means that asset returns move together. A negative covariance means they vary inversely.

Variance

A measure of the dispersion of a random variable. Equals the expected value of the squared deviation from the mean.

Fairly-Priced Securities

Securities that are believed to be priced appropriately according to their risk level and the expected rate of return.