During 2014 Shakira Paid the Following Expenses: What Is

question 95

Multiple Choice

During 2014 Shakira paid the following expenses: What is the total amount of medical expenses (before application of the adjusted gross income limitation) that would enter into the calculation of itemized deductions on Shakira's 2014 income tax return?

• A)$ 525.
• B)$1,325.
• C)$1,500.
• D)$1,575.

---

Definitions:

Raw Materials

The basic materials from which products are manufactured or made.

Accounts Payable

The amounts a company owes because it purchased goods or services on credit from a supplier or vendor.

Required Production

The quantity of products that must be manufactured or produced to meet customer demand.

Units

A measure of quantity used to express the amount of product made or available.