Your friend Scotty informs you that he received a "tax-free" reimbursement in 2018 of some medical expenses he paid in 2017. Which of the following statements best explains why Scotty is not required to report the reimbursement in gross income? a. Scotty itemized deductions in 2017. b. Scotty did not itemize deductions in 2017. c. Scotty itemized deductions in 2018. d. Scotty did not itemize deductions in 2018. e. Scotty itemized deductions in 2018 but not in 2017.

1 answer
Question:

Your friend Scotty informs you that he received a "tax-free" reimbursement in 2018 of some medical expenses he paid in 2017. Which of the following statements best explains why Scotty is not required to report the reimbursement in gross income? a. Scotty itemized deductions in 2017. b. Scotty did not itemize deductions in 2017. c. Scotty itemized deductions in 2018. d. Scotty did not itemize deductions in 2018. e. Scotty itemized deductions in 2018 but not in 2017.

Answers

Answer:b. Scotty did not itemize deductions in 2017Explanation:Let's assume that Scotty didn't itemize in 2015, that means that he will be able to remove the reimbursement from gross income in 2016. Also, assuming Scotty itemized deductions in 2015, he has to report the reimbursement as gross income in 2016 to the extent he received a tax benefit from deducting medical expenses in 2015. If he itemized in 2016 there will not be an impact on the treatment of the reimbursement.

Similar Solved Questions

2 answers

A paramecium moves using hairlike structures on the outside of its body. What type of protozoa is a paramecium? A. Flagellate B. Ciliate C. Sporozoan D. Sarcodine

A paramecium moves using hairlike structures on the outside of its body. What type of protozoa is a paramecium? A. Flagellate B. Ciliate C. Sporozoan D. Sarcodine...
1 answer

How can a person boost their immune system? Complete full body exercises or Target specific muscle groups

how can a person boost their immune system? Complete full body exercises or Target specific muscle groups...
1 answer

Medicine taken by a patient breaks down and eventually leaves the patient’s system. Suppose a dose of 60 milligrams (mg) of medicine is given and it breaks down such that 20% of the medicine becomes ineffective every hour. How much of the 60 mg dose is still active after 3 hours, after 4.25 hours, after 6 hours?

Medicine taken by a patient breaks down and eventually leaves the patient’s system. Suppose a dose of 60 milligrams (mg) of medicine is given and it breaks down such that 20% of the medicine becomes ineffective every hour. How much of the 60 mg dose is still active after 3 hours, after 4.25 hours,...
2 answers

In chloroplast sugars are made in a compartment that is filled with thick fluid called the

in chloroplast sugars are made in a compartment that is filled with thick fluid called the...
1 answer

Question 3(Multiple Choice Worth 5 points) (12.02 MC) What is an example of a verbal cue? O Repetition O Gaze aversion O Posture shifting O Fidgeting

Question 3(Multiple Choice Worth 5 points) (12.02 MC) What is an example of a verbal cue? O Repetition O Gaze aversion O Posture shifting O Fidgeting...
1 answer

How to solve for the sin 11pi/2 without using a calculator?

How to solve for the sin 11pi/2 without using a calculator?...
1 answer

Which type of essay does not necessarily require that you examine and analyze secondary source documents?

Which type of essay does not necessarily require that you examine and analyze secondary source documents?...
1 answer

An Italian sausage is 9 inches long the chef needs to cut it into 2/3 inch pieces how many pieces will he be able to cut

an Italian sausage is 9 inches long the chef needs to cut it into 2/3 inch pieces how many pieces will he be able to cut...
2 answers

Someone came into my shop and stole $100 out of the register without my knowledge. The person came with the same $100 5 minutes later and he bought $70 in Items and I gave him back $30 change. How much money did I loose!!!!!!

Someone came into my shop and stole $100 out of the register without my knowledge. The person came with the same $100 5 minutes later and he bought $70 in Items and I gave him back $30 change. How much money did I loose!!!!!!...
1 answer

1. What factors would lead to an increase in population. global warming, pollution and birth rates better health care, access to food and clean water access to water, public transportation and pollution O public transportation, migration and jobs

1. What factors would lead to an increase in population. global warming, pollution and birth rates better health care, access to food and clean water access to water, public transportation and pollution O public transportation, migration and jobs...
1 answer

What is the answer to this question

What is the answer to this question...
1 answer

What prime is 4 greater than a perfect square and 7 less than the next-largest perfect square?

What prime is 4 greater than a perfect square and 7 less than the next-largest perfect square?...
1 answer

State the hypothesis and claim: The expense of moving the storage yard for the consolidated Package Delivery Service is justified only if it can be shown that the daily average travel distance is less than 214 mi. In 12 trial runs the average distance was 198 mi with a standard deviation of 42 mi At a = .01 test the claim that the average daily travel distance is less than 214 mi. the claim is _____. H0: ___ H1: ____

State the hypothesis and claim: The expense of moving the storage yard for the consolidated Package Delivery Service is justified only if it can be shown that the daily average travel distance is less than 214 mi. In 12 trial runs the average distance was 198 mi with a standard deviation of 42 mi A...
2 answers

A tape diagram. 0 dollars is 0 percent. Question mark dollars is 23 percent. 52 dollars is 100 percent. Jared has earned 23% of the $52 he needs to buy a new jacket. Find 23% of $52. Which expression can you use to find 23% of 52? 23% of $52 is $ . An easy way to check your answer is to use the friendly and divide 52 by to get . it 5 questions to this answer

A tape diagram. 0 dollars is 0 percent. Question mark dollars is 23 percent. 52 dollars is 100 percent. Jared has earned 23% of the $52 he needs to buy a new jacket. Find 23% of $52. Which expression can you use to find 23% of 52? 23% of $52 is $ . An easy way to check your answer is to use the fri...
1 answer

3 purposes of SCRIPT and what a SCRIPT would include?

3 purposes of SCRIPT and what a SCRIPT would include?...
1 answer

15 points!! Please help! please explain how you got you answers

15 points!! Please help! please explain how you got you answers...
2 answers

Which of the following is an example of a tax collected by the state of Georgia?

Which of the following is an example of a tax collected by the state of Georgia?...
1 answer

Would anyone help With these questions it's the last one I don't know how to do them 1,2,3,4,5 and 6​

Would anyone help With these questions it's the last one I don't know how to do them 1,2,3,4,5 and 6​...
1 answer

Please hurry Express cos J as fraction in simplest terms

Please hurry Express cos J as fraction in simplest terms...
1 answer

The most abundant type of tissue in the human body is ________ tissue.

The most abundant type of tissue in the human body is ________ tissue....

-- 0.017856--