16. Jamison\'s gross tax liability is $11,550. Jamison had $2,500 of available c
ID: 2591043 • Letter: 1
Question
16. Jamison's gross tax liability is $11,550. Jamison had $2,500 of available credits and he had $8,900 of taxes withheld by his employer. What is Jamison's taxes due (or taxes refunded) with his tax return?
Multiple Choice
$9,050 taxes due.
$150 tax refund.
$150 taxes due.
$2,650 taxes due.
21. Opal fell on the ice and injured her hip this winter. As a result she paid $3,070 for a visit to the hospital emergency room and $820 for follow-up visits with her doctor. While she recuperated, Opal paid $570 for prescription medicine and $670 to a therapist for rehabilitation. Insurance reimbursed Opal $1,270 for these expenses. What is the amount of Opal's qualifying medical expense?
Multiple Choice
$3,070.
None of the choices are correct.
$3,890.
$3,860.
$5,130.
Explanation / Answer
16 Gross Tax Liability $11,550 Less: Tax Credit -2500 Withheld taxes -8900 Taxes Due $150 Ans is D 21 The qualifying expenses are calculated as follows Emergency room and doctor visits $ 3,890 Prescription medication 570 Physical therapy 670 Total qualifying medical expenses 5,130 Less insurance reimbursement (1,270) Qualifying medical expenses from the accident $ 3,860 Ans is D
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