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During the current year, Maria and her three dependent children had annual physical exams, which cost $750, and dental checkups for all four of them, which cost $420. In addition, Maria paid $800 for medically supervised treatments to enable her to stop smoking. After she stopped smoking, she began to gain weight and incurred $1,200 in costs for a medically supervised weight loss program. Which of these expenses qualify for the medical deduction?
Debtors
Individuals or entities that owe money to another party, typically as a result of borrowing funds.
Nominal Rate
The interest rate as stated without adjusting for inflation, representing the actual percentage that borrowers pay and lenders receive.
Real Rate
The interest rate adjusted for inflation, reflecting the true cost of borrowing or the true return on investment.
Nominal Interest Rate
The stated rate of interest on a loan or financial investment, not adjusted for inflation.
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