Q3 - Medical Expenses (7 points) Ms. Hansika and her spouse, Mr. Kumar, have 2023 medical...

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Q3 - Medical Expenses (7 points) Ms. Hansika and her spouse, Mr. Kumar, have 2023 medical expenses totaling $4000 and $2000 respectively. Regarding their income, Ms. Hansika has 2023 net income of $100,000, and Kumar's net income is $2000. They have two children, Anna is 11, has 2023 medical expenses of $3,500, and no income. Bedir is 22, has 2023 medical expenses of $7,000, and net income of $9,500. Ms. Hansika pays all of the medical expenses. What is the medical expense tax credit for 2023. (NB. The threshold for 2023 is $2635) Q3 - Medical Expenses (7 points) Ms. Hansika and her spouse, Mr. Kumar, have 2023 medical expenses totaling $4000 and $2000 respectively. Regarding their income, Ms. Hansika has 2023 net income of $100,000, and Kumar's net income is $2000. They have two children, Anna is 11, has 2023 medical expenses of $3,500, and no income. Bedir is 22, has 2023 medical expenses of $7,000, and net income of $9,500. Ms. Hansika pays all of the medical expenses. What is the medical expense tax credit for 2023. (NB. The threshold for 2023 is $2635)