Lon Is Employed as an Accountant

question 101

Multiple Choice

Lon is employed as an accountant.For calendar year 2011,he had AGI of $120,000 and paid the following medical expenses: Dick and Sue would qualify as Lon's dependents except that they file a joint return.Lon's medical insurance policy does not cover them.Lon filed a claim for $3,800 of his own expenses with his insurance company in November 2011 and received the reimbursement in January 2012.What is Lon's maximum allowable medical expense deduction for 2011?

• A) $5,130.
• B) $10,790.
• C) $12,730.
• D) $19,790.
• E) None of the above.

---

Definitions:

Intuition

The ability to understand something instinctively, without the need for conscious reasoning.

Reinforcement

Any event that follows a response and strengthens or increases the probability that the response will be repeated.

Geopolitical Position

The strategic importance of a country or region as influenced by its geographic location and political factors in relation to other spaces.

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people.