During 2016, Angela sustains serious injuries from a snow-skiing accident. She incurs the following expenses: Item Amount
Question:
Item Amount
Doctor bills.......................................$11,700
Hospital bills.........................................9,400
Legal fees in suit against ski resort...............3,000
Angela is single and has no dependents. For the year, her salary is $58,000. She pays $600 in medical and dental insurance premiums, which is withheld from her paycheck on an after-tax basis, $2,750 in mortgage interest on her home, and $1,200 in interest on her car loan. Her health insurance provider reimburses her for $10,000 of the medical expenses. What is her 2016 taxable income?
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Related Book For
Federal Taxation 2017 Comprehensive
ISBN: 9780134421438
30th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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