Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This...
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Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $55,000 and has incurred the following medical expenses: Dentist charges Physician charges Optical charges Cost of eyeglasses Hospital charges Prescription drugs Over-the-counter drugs Medical insurance premiums (not through an exchange) $ 1,370 2,630 655 345 4.150 685 725 1,260 a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $55,000 and has incurred the following medical expenses: Dentist charges Physician charges Optical charges Cost of eyeglasses Hospital charges Prescription drugs Over-the-counter drugs Medical insurance premiums (not through an exchange) $ 1,370 2,630 655 345 4.150 685 725 1,260 a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
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A To calculate Simpsons AGI threshold where The threshold i... View the full answer
Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Posted Date:
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