Question: Simpson is a single individual who is employed full-time by Duff Corporation. The year Simpson reports AGI of $50,000 and has incurred the following medical

Simpson is a single individual who is employed full-time by Duff

Simpson is a single individual who is employed full-time by Duff Corporation. The year Simpson reports AGI of $50,000 and has incurred the following medical expenses: Dentist charges Physician's charges Optical charges Cost of eyeglasses Hospital charges $ 900 1.800 500 300 2,100 Prescription drugs Over-the-counter drugs Medical insurance premiums (paid out of pocket) 250 450 775 Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. Use the 2021 tax year information for reference. List the allowable medical expenses and amounts below: Show your computation of the amount of the medical portion that will be included with itemized deductions

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