Nancy, a single taxpayer paid $18,000 in medical expenses in 2016. Her AGI in 2016 was $100,000. Nancy filed a claim for reimbursement of medical expenses with her insurance company in 2016 but did not receive reimbursement until May 15, 2017. Nancy paid no other expenses in 2016. Assuming medical expenses have a 10% floor and the standard deduction in 2016 is $6,300, how much of the medical expense reimbursement must Nancy include in gross in 2017 if she receives a reimbursement of $18,000?

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.

11.     before adding cream to a simmering soup, you need to a. simmer the cream. b. chill the cream. c. strain the cream through cheesecloth. d. allow the cream reach room temperature. student d   incorrect which answer is right?

Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.