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Question 1. Personal expenditures that are deductible as itemized deductions include med

Question 1. Personal expenditures that are deductible as itemized deductions include med

Question

1. Personal expenditures that are deductible as itemized deductions include medical expenses, Federal income taxes, state income taxes, property taxes on a personal residence, mortgage interest, and charitable contributions.

a. True

b. False

2. The election to itemize is appropriate when total itemized deductions are less than the standard deduction based on the taxpayer’s filing status.

a. True

b. False

3. Adrienne sustained serious facial injuries in a motorcycle accident. To restore her physical appearance, Adrienne had cosmetic surgery. She cannot deduct the cost of this procedure as a medical expense.

a. True

b. False

4. A physician recommends a private school for Ellen’s dependent child. Because of the physician’s recommendation, the cost of the private school will qualify as a medical expense deduction (subject to percentage limitations).

a. True

b. False

5. Mindy paid an appraiser to determine how much a capital improvement made for medical reasons increased the value of her personal residence. The appraisal fee qualifies as a deductible medical expense.

a. True

b. False

6. Upon the recommendation of a physician, Ed has a swimming pool installed at his residence because of a heart condition. If he is allowed to deduct all or part of the cost of the pool, Ed’s increase in utility bills due to the operation of the pool qualifies as a medical expense.

a. True

b. False

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