Examlex

Solved

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: 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. 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?


Definitions:

Complaint Drafting

The process of creating a formal legal document to initiate a lawsuit, outlining the plaintiff's claims against the defendant.

Firm's Library

A collection of books, digital resources, and other informative materials held or used within a law firm or corporation for research purposes.

Caption

The part of a legal document or pleading that shows where a case is filed, the case number, and the parties involved.

Court Assigns Number

The unique numerical identifier given by the court to a case for tracking and reference purposes.

Related Questions