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Which statements about medical expenses

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Reference no: EM132707217

Problem 1: Of the following statements about medical expenses, which one is correct?

Group of answer choices

Option 1: A taxpayer can only claim his own medical expenses.

Option 2: The claim must be made in the calendar year the expense was incurred.

Option 3: Only expenses in excess of a specified amount are eligible for a tax credit.

Option 4: The amount of the tax credit is dependent on the taxpayer's marginal tax rate.

Reference no: EM132707217

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