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PROBLEMS During the year George Gable, age 56, and his wife, age...

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Accounting

PROBLEMS
During the year George Gable, age 56, and his wife, age 51, incurred and paid the following
medical expenses for which they received no reimbursement:
George also paid $1,000 for prescription drugs for his brother, age 58, who would have
qualified as George's dependent under pre-2018 rules. Assuming the Gables' adjusted gross
income for the year was $70,000, what is the amount that they may claim as medical
deduction on a joint return?
The following taxes were paid by the Allens in the current year: real estate taxes on their
home, $1,800; state income taxes, $1,750; city sales tax, $350; and state gasoline tax
(personal use of automobile), $30. In itemizing their deductions, what is the maximum
amount that the Allens may claim as a deduction for taxes?
How much of the following could Diana Collier deduct as an itemized deduction?
John Jones incurred the following interest items for the current year:
He earned $3,000 in investment income from the investments. What is his itemized interest
deduction?
Which of the following interest expenses are deductible on a federal income tax return?
Please show the work and explain the answer
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