Question: Simpson is a single individual who is employed full-time by Duff Corporation.This year Simpson reports AGI of $71,600 and has incurred the following medical expenses:
Simpson is a single individual who is employed full-time by Duff Corporation.This year Simpson reports AGI of $71,600 and has incurred the following medical expenses:
Dentist charges $ 1,700Physician's charges 2,670Optical charges 995Cost of eyeglasses 750Hospital charges 2,500Prescription drugs 425Over-the-counter drugs 700Medical insurance premiums (not through an exchange) 1,045a.Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
b.Suppose that Simpson was reimbursed for $890 of the physician's charges and $1,850 for the hospital costs.Calculate the amount of medical expenses that will be included with Simpsons itemized deductions after any applicable limitations.
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