accounting 417688

3. (TCOs 3, 4, 5, & 7) Which of the following qualifies for the medical expense deduction? (Points : 5)

4. (TCOs 3, 4, 5, & 7) During the year, Marcus went from Sacramento to Portland, Maine. After six days of business meetings, he took three days of vacation to go sightseeing. Marcus’ expenses for the trip are as follows:

Marcus’ deduction is: (Points : 5)

5. (TCOs 3, 4, 5, & 7) In 2010, Colin, the sole proprietor of a video rental store, pays a $4,000 premium for medical insurance for himself and his family. Lynette, one of Colin’s employees, pays a $2,000 premium for a medical insurance policy for herself. Which of the following statements is TRUE? (Points : 5)