Ms. Marnie Lawson and her spouse, Lloyd Lawson, have 2022 medical expenses which total $7800. While...

 

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Ms. Marnie Lawson and her spouse, Lloyd Lawson, have 2022 medical expenses which total $7800. While Ms. Lawson has 2022 Net Income for Tax purposes of $170000, Lloyd's only income is $900 in savings account interest. They have one child, Mandy, who is 24 and has 2022 medical expenses of $4900 and Net Income for Tax Purposes of $5700. Ms. Lawson pays all of the medical expenses. Determine Ms. Lawson's medical expense tax credit for 2022. Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Ms. Marnie Lawson and her spouse, Lloyd Lawson, have 2022 medical expenses which total $7800. While Ms. Lawson has 2022 Net Income for Tax purposes of $170000, Lloyd's only income is $900 in savings account interest. They have one child, Mandy, who is 24 and has 2022 medical expenses of $4900 and Net Income for Tax Purposes of $5700. Ms. Lawson pays all of the medical expenses. Determine Ms. Lawson's medical expense tax credit for 2022. Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response.

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Answer Heres how to determine Ms Lawsons medical expense tax credit for 2022 Minimum Threshold The ... View the full answer