Below is your client’s actual list of her family’s unreimbursed medical ex-penses for the year. Of course she wants to deduct everything, so it’s up to you to tell her which items really are deductible as medical expenses. (Ignore the % of AGI floor.)   My Family’s Medical Expenses:   (A)  Aspirin   (B)  Contact lenses   (C)  Medical marijuana (bought in Oklahoma – it’s legal!)   (D)  Veterinary bills (for “Whiskers” the cat, but she’s family, too!)   (E)  Acupuncture (it worked!)   (F)  Sunscreen (preventing skin cancer!)   (G)  Botox injections (Wonderful for my mental health – I look 10 years younger!)   (H)  Running shoes (heart health!)   (I)  Viagra (brought home from Mexico, much cheaper!)   (J)  Mileage for driving to/from doctors’ offices   (K)  Birth control pills   (L)  Parking at the hospital (visiting Aunt Mary)   (M)  Massage therapy (at the Elizabeth Arden “Red Door” Salon, wonderful!)   (N)  A book on meditation and self-hypnosis (I now feel so calm and serene!).   (O)  Prescription Adderall for our ADD son (he’s out of control!)   (P)  Band-Aids (bandages)   (Q)  Maternity clothes (can’t wear them later!)   (R)  Weekly household help (I’m pregnant, can’t do it all!)   (S)  Vitamin D Supplements (from health food store, doc told me I was deficient)   (a)  B, E, I, K, M, and Q only.   (b)  A, B, E, G, I, N, and R only.   (c)  B, E, J, K, O, and P only.   (d)  B, C, H, J, K, Q, and S only.   (e)  A, D, F, H, L, and M only

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Below is your client’s actual list of her family’s unreimbursed medical ex-penses for the year. Of course she wants to deduct everything, so it’s up to you to tell her which items really are deductible as medical expenses. (Ignore the % of AGI floor.)

 

My Family’s Medical Expenses:

 

(A)  Aspirin

 

(B)  Contact lenses

 

(C)  Medical marijuana (bought in Oklahoma – it’s legal!)

 

(D)  Veterinary bills (for “Whiskers” the cat, but she’s family, too!)

 

(E)  Acupuncture (it worked!)

 

(F)  Sunscreen (preventing skin cancer!)

 

(G)  Botox injections (Wonderful for my mental health – I look 10 years younger!)

 

(H)  Running shoes (heart health!)

 

(I)  Viagra (brought home from Mexico, much cheaper!)

 

(J)  Mileage for driving to/from doctors’ offices

 

(K)  Birth control pills

 

(L)  Parking at the hospital (visiting Aunt Mary)

 

(M)  Massage therapy (at the Elizabeth Arden “Red Door” Salon, wonderful!)

 

(N)  A book on meditation and self-hypnosis (I now feel so calm and serene!).

 

(O)  Prescription Adderall for our ADD son (he’s out of control!)

 

(P)  Band-Aids (bandages)

 

(Q)  Maternity clothes (can’t wear them later!)

 

(R)  Weekly household help (I’m pregnant, can’t do it all!)

 

(S)  Vitamin D Supplements (from health food store, doc told me I was deficient)

 

(a)  B, E, I, K, M, and Q only.

 

(b)  A, B, E, G, I, N, and R only.

 

(c)  B, E, J, K, O, and P only.

 

(d)  B, C, H, J, K, Q, and S only.

 

(e)  A, D, F, H, L, and M only.

 

 

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