In 2012, Margaret and John Murphy are married taxpayers who file a joint tax return with AGl

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In 2012, Margaret and John Murphy are married taxpayers who file a joint tax return with AGl of $25,000. During the year they incurred the following expenses:

Hospitalization insurance premiums......................................$1,050

Premiums on an insurance policy that pays $100 per.....................300

day for each day Margaret is hospitalized

Medical care lodging (two people, one night)...............................65

Hospital bills.................................................................2,200

Doctor bills.....................................................................850

Dentist bills.....................................................................175

Prescription drugs and medicines............................................340

Psychiatric care.................................................................300

In addition, they drove 78 miles for medical transportation, and their insurance company reimbursed them $900 for the above expenses. On the following segment of Schedule A of Form 1040, calculate the Murphy's medical expense deduction.

In 2012, Margaret and John Murphy are married taxpayers who
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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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