Question Details
Simpson is a single individual who is employed full-time by Duff
Corporation. This year Simpson reports AGI of $55,600 and has
incurred the following medical expenses:
|
| ||
| Dentist
charges | $ |
1,490 |
Physician's charges |
2,600 | |
| Optical
charges |
750 | |
| Cost of
eyeglasses |
435 | |
| Hospital
charges |
4,450 | |
Prescription drugs |
485 | |
Over-the-counter drugs |
815 | |
| Medical
insurance premiums (not through an exchange) |
1,085 | |
| a. |
Calculate the amount of medical expenses that will be included
with Simpson's itemized deductions after any applicable
limitations.
|
| b. |
Suppose that Simpson was reimbursed for $730 of the physician's
charges and $1,610 for the hospital costs. Calculate the amount of
medical expenses that will be included with SimpsonAc??cs itemized
deductions after any applicable limitations.
|
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DATE ANSWEREDDec 08, 2020
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