The Threshold Amount for the Deductibility of Allowable Medical Expenses

question 110

Multiple Choice

The threshold amount for the deductibility of allowable medical expenses for those under 65 in 2014 is:

• A)10% of AGI.
• B)10% of taxable income.
• C)7.5% of AGI.
• D)7.5% of taxable income.

---

Definitions:

Capsule

A small soluble container, usually made of gelatin, that encloses a dose of medication or supplement for oral ingestion.

Orally

Via the mouth; it often refers to the method of taking medication, consuming food, or the transmission of stories and information by speech.

Container

An object used for holding, storing, or transporting items, varying in size, shape, and material.

Sublingually

The method of administering drugs by placing them under the tongue for absorption through the mucous membranes.