Question $23$

$2\mathrm{.}5$ pt

In $2023$ Lou Sharp, age $35$ and single, deducted $$7,325\mathrm{.}00$ on his federal income tax return for medical $ln2024,$ he received a refund in the amount of $$975\mathrm{.}00$ from his insurance company. How much of the refund must be included in his $2024$ taxable income?

$$5,325\mathrm{.}00$

$$975\mathrm{.}00$

$0$

$$750\mathrm{.}00$