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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993 Exercise 55
Which of the following statements is correct with regard to the medical expense deduction? a. Medical expenses are not deductible for AMT.
B) The medical expense deduction is decreased for AMT.
C) The medical expense deduction is increased for AMT.
D) The same amount of medical expenses that is deductible for regular tax purposes is deductible for AMT.
B) The medical expense deduction is decreased for AMT.
C) The medical expense deduction is increased for AMT.
D) The same amount of medical expenses that is deductible for regular tax purposes is deductible for AMT.
Explanation
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1. Medical expenses
2. Gifts to charity
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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
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