Chiara had $5,700 in out-of-pocket medical expenses last year. Her medical insurance covered 80% of these expenses.

Question:

Chiara had $5,700 in out-of-pocket medical expenses last year. Her medical insurance covered 80% of these expenses. The IRS allows medical and dental expense deductions for the amount that exceeds 10% of a taxpayer’s adjusted gross income. If Chiara’s adjusted gross income is $35,432, how much can she claim as a medical deduction? Explain

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