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

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!