Question: 36. instructions : Choose the best multiple choice answer and explain why you chose the answer. MUST provide 2-3 sentence brief explanation and show all
36. instructions : Choose the best multiple choice answer and explain why you chose the answer. MUST provide 2-3 sentence brief explanation and show all work. All sources must be noted.
____ 36. Liz, who is single, travels frequently on business. Art, Lizs 84-year-old dependent grandfather, lived with Liz until this year when he moved to Granite Falls Nursing Home because he needs daily medical and nursing care. During the year, Liz made the following payments to Granite Falls on behalf of Art:
| Room at Granite Falls | $36,300 |
| Meals for Art | 7,260 |
| Doctor and nurse fees | 5,610 |
| Cable TV service for Arts room | 660 |
| Total | $49,830 |
Granite Falls has medical staff in residence. Disregarding the 7.5% floor, how much, if any, of these expenses qualifies as a medical expense deduction by Liz?
| a. | $5,610. |
| b. | $41,910. |
| c. | $49,170. |
| d. | $49,830. |
| e. | None of the above. |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
