Roger Is Employed as an Actuary

question 69

Multiple Choice

Roger is employed as an actuary.For calendar year 2012, he had AGI of $130,000 and paid the following medical expenses: Derrick and Jane would qualify as Roger's dependents except that they file a joint return.Roger's medical insurance policy does not cover them.Roger filed a claim for $4,800 of his own expenses with his insurance company in November 2012 and received the reimbursement in January 2013.What is Roger's maximum allowable medical expense deduction for 2012?

• A)$9,750.
• B)$10,340.
• C)$19,130.
• D)$20,090.
• E)None of the above.

---

Definitions:

Market Share

The portion of a market controlled by a particular company or product.

Revenue

The total amount of money generated by a company from its business activities, such as sales of goods or services, before any expenses are subtracted.

Price-Taker Market

A market situation where sellers or buyers have no influence on the price of a product or service, taking the market price as given.

Market Price

The current price at which a good or service can be bought or sold on the open market, determined by the forces of supply and demand.