For 2015, Cynthia, who is single and 45 years of age, had AGI of $40,000. During the
Question:
For 2015, Cynthia, who is single and 45 years of age, had AGI of $40,000. During the year, she incurred and paid the following medical costs:
Doctor and dentist fees................................$3,350
Prescription medicines......................................325
Medical care insurance premiums...................380
(paid for with after tax funds)
Long-term care insurance premiums...............730
Hearing aid...........................................................150
What amount can Cynthia take as a medical expense deduction (after the AGI limitation) for her 2015 tax return?
a. $4,935.
b. $4,915.
c. $915.
d. $855.
Step by Step Answer:
Fundamentals Of Taxation 2016
ISBN: 9781259812774
9th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone