Explain when the cost of living in an institution other than a hospital may be deductible.

What will be an ideal response?


If an individual is living in an institution other than a hospital, such as a nursing home or assisted living facility, the deductibility of the related costs depends on the individual facts and circumstances. If the principal reason the taxpayer is in the institution is the need for and availability of medical care furnished by the institution, all costs of meals, lodging, and other services necessary for furnishing the medical care are qualified medical expenditures and may be deductible. However, if the individual is in the institution primarily for considerations other than the furnishing of medical care, only costs directly associated with the furnishing of medical care are deductible. The costs of meals, lodging, and other services are not qualified medical expenditures.

Business

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Today, several companies are adopting the concept of ________, which carefully combines and coordinates the company's many communication channels to deliver a clear, consistent, and compelling message about the organization and its brands

A) integrated marketing communications B) pull strategy C) vertical diversification D) nonpersonal communication channels E) buzz marketing

Business

A treaty does not require Senate approval before being passed

Indicate whether the statement is true or false

Business

What is the name of the 2005 book by Jean Lipman-Blumen that explored the question ‘why do people follow bad leaders’?

A. first followers B. leaders eat last C. the art of followership D. the allure of toxic leaders

Business

Apple StoresApple Inc. opened its first Apple Store in 2001 and currently has hundreds of stores spanning several countries.  Many of the Apple Stores are inside malls, but Apple also has several free standing stores they call their flagship stores, with each looking a little different on the outside. These are located in New York City, Boston, Los Angeles, Chicago, San Francisco, Montreal, Tokyo, and Osaka.The store in New York City is a glass cube with a glass cylindrical elevator and spiral staircase that leads to an underground store. Inside they have long tables displaying products ranging from the iMac, MacBook Air, iPods, printers, cameras, and other accessories. All these products are accessible to customers who can try them out and ask various questions of informed associates.

The walls are mostly metallic and the signs are all backlit.All stores have a Genius Bar where a customer can receive technical advice or set up service and repair for their products. To address the needs of the many iPod users, some stores, such as the New York store, have set up a separate iPod Bar where customers can get their own technical assistance. They also have an iMac station for kids who want to try out games and learning products and a theatre for workshops, product training sessions and special presentations.Apple introduced the handheld Easy Pay system where customers don't have to wait in line to purchase products and with a simple click of a paperless, handheld credit card scanner, the employee brings the cash register to the customer. Items can be rung up anywhere on the show room floor. Apple plans to open several more stores in the years to come.Apple also has its online store. At its web site a customer can order any Mac or iPod product, plus a large variety of accessories.  In addition to its product offerings, a customer can watch a demonstration of how products work or check out the latest Mac ads or news.Refer to Apple Stores. In terms of ownership, which of the following best describes Apple stores? A. independent retailer B. chain stores C. franchises D. pop-up shop E. department stores

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