8. Diego and Katelyn, both age 66, are married and together have AGI of $30,000. They have two dependents and file a joint return. They paid $4,800 for hospitalization insurance. During the year, they paid the following amounts for medical care: $8,000 in doctor and dentist bills and hospital expenses, and $1,500 for prescribed medicine and drugs. In December, they received an insurance reimbursement of $3,700 for hospitalization. Determine the deduction allowable for medical expenses paid during the year.

Which of the following is the least risky? collectables stock savings bond savings account

Which organization was established to train the hard-core unemployed? - better business bureau- equal employment opportunity commission- environmental protection agency- affirmative action committee- national alliance of business

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances