Which one of the following statements is correct in regard t

Which one of the following statements is correct in regard to deducting expenses? 35. a. You cannot deduct the cost of psychiatric care. b. You cannot deduct the cost of consulting a psychologist for medical care. You can deduct the cost for psychoanalysis. You can deduct the cost for psychoanalysis that you must receive as part of your training to be a psychoanalyst c. d. Which one of the following statements is correct regarding deducting the cost of stop-smoking programs as a medical deduction? 36. You cannot deduct the cost of stop-smoking drugs that require a prescription. a. You can deduct the cost of a program to stop smoking. b. c. d. You can deduct the cost of nonprescription stop-smoking nicotine gum. You can deduct the cost of nonprescription nicotine patches. 37. Certain transportation expenses paid primarily for and essential to medical care are deductible as a medical expense. Which one of the following statements is correct in this regard? a. b. c. d. Train fares are deductible medical expenses. Expense for car insurance is a deductible medical expense. Depreciation of a car is a deductible medical expenses. Expenses for car maintenance are deductible as a medical expense. 38. Sue traveled to another city primarily and essentially for receiving medical services. She paid $100 for round-trip transportation and $200 for lodging for three nights. What is the maximum amount that she can deduct as a medical expense? a. $150 b. $200 c. $250 d. $300 CHAPTER THREE- CHILD AND DEPENDENT CARE EXPENSES 39. The amount you can claim for a child and dependent care credit is based on a percentage of your child-care andor dependent care expenses. What is the maximum percentage? a. 35% b. 40% C. 45% d, 50%

Solution

25.

A) FALSE. Only counseling done to cure or prevent a physical or mental defect or illness can qualify for the medical expenses deduction. These include psychiatric care.

B) FALSE Only counseling done to cure or prevent a physical or mental defect or illness can qualify for the medical expenses deduction. These include  psychologist visits and psychoanalysis for things like depression and other mental illnesses But If the counseling isn\'t for treating or preventing a mental defect or illness, you aren\'t allowed to deduct it.

C)TRUE .Only counseling done to cure or prevent a physical or mental defect or illness can qualify for the medical expenses deduction. These include  psychologist visits and psychoanalysis for things like depression and other mental illnesses But If the counseling isn\'t for treating or preventing a mental defect or illness, you aren\'t allowed to deduct it.

D) FALSE Here the cost is not allowed to be deductible because the counseling isn\'t for treating or preventing a mental defect or illness, therefore it\'s not allowed to deduct it.