Cindy fell on the ice and injured her hip this winter. As a result she paid $5,000 for a visit to the hospital emergency room and $1,000 for follow-up visits with her doctor. While she recuperated, Cindy paid $700 for over-the-counter medicine, and $500 to a therapist for rehabilitation. Insurance reimbursed Cindy $2,500 for these expenses. If Cindy’s AGI is $32,000, how much will she be able to claim as a medical expense deduction?

Your debit card is stolen, and you report it to your bank within two business days. how much money can you lose at most? a. $500 b. $25 c. $50 d. $150

Jacob is a member of wcc (an llc taxed as a partnership). jacob was allocated $155,000 of business income from wcc for the year. jacob’s marginal income tax rate is 37 percent. the business allocation is subject to 2.9 percent of self-employment tax and 0.9 percent additional medicare tax. (round your intermediate calculations to the nearest whole dollar a) what is the amount of tax jacob will owe on the income allocation if the income is not qualified business income? b) what is the amount of tax jacob will owe on the income allocation if the income is qualified business income (qbi) and jacob qualifies for the full qbi duduction?

Answer the following questions using the banker’s algorithm: a. illustrate that the system is in a safe state by demonstrating an order in which the processes may complete. b. if a request from process p1 arrives for (1, 1, 0, 0), can the request be granted immediately? c. if a request from process p