Friday
March 27, 2015

Homework Help: tax

Posted by Andy on Wednesday, March 7, 2012 at 1:49pm.

Mrs. Gonzales must use a wheelchair. Upon advice from her physician, she installed an elevator and widened the front entrance of her house in 2011, incurring $15,000 and $4,000 in costs, respectively. Mrs. Gonzales originally purchased her house for $152,000. An appraisal showed the fair market value of Mrs. Gonzales' house immediately after these modifications at $162,000. Compute her currently deductible medical expense in regards to these improvements before AGI limitations.
A. $19,000
B. $15,000
C. $9,000
D. $4,000

im getting A

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math problem - Mrs. Jones owns 4/7 of the stock in a small business and Mrs....
Math problem - Mrs. Jones owns 4/7 of the stock in a small business and Mrs....
BUSN - Assuming a tax rate of 30%, what is the EBIT and taxable income for the ...
Accounting - O' Hara Company began operations on December 1, 2011. Presented ...
LOCAL STANDARDS AND REGULATIONS - Mrs. Carroll and Ms. Howard decide to divide...
PRACTICAL EXERCISE LOCAL STANDARDS AND REGULATIONS - 2. Mrs. Carroll and Ms. ...
BUSN - 4. For this question, use the information for Sports Baseballs, Inc. ...
income tax - In 2011, the Chens' pleasure boat was severely damaged by a ...
Economics - An engineer has received two bids for an elevator to be installed ...
accounting - O' Hara Company began operations on December 1, 2011. Presented ...

Members