Question: Please answer DeVry Student Portal x Week 5: Quiz X CengageNOWv2 | Online teachir X + now.com/ilm/takeAssignment/takeAssignmentMain.do?inprogress=true A to Fred and Lucy are married, ages
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DeVry Student Portal x Week 5: Quiz X CengageNOWv2 | Online teachir X + now.com/ilm/takeAssignment/takeAssignmentMain.do?inprogress=true A to Fred and Lucy are married, ages 33 and 32, and together have AGI of $120,000 in 2021. They have four dependents and file a joint return. They pay $5,000 for a high deductible health insurance policy and contribute $2,600 to a qualified Health Savings Account. During the year, they paid the following amounts for medical care: $9,200 in doctor and dentist bills and hospital expenses, and $3,000 for prescribed medicine and drugs. In October 2021, they received an insurance reimbursement of $4,400 for the hospitalization. They expect to receive an additional reimbursement of $1,000 in January 2022. Determine the maximum itemized deduction allowable for medical expenses in 2021. Oa. $9,200 Ob. $800 Oc. $3,800 Od. $12,800
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