LO4 Lian is injured in an automobile accident this year. She is hospitalized for 4 weeks and
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LO4 Lian is injured in an automobile accident this year. She is hospitalized for 4 weeks and misses 3 months of work after getting out of the hospital. The costs related to her accident are
Lian’s employer-provided insurance policy pays $23,220 of the costs. She also receives $4,800 in disability pay from her employer while she is absent from work.
By the end of the year, Lian is able to pay only $6,100 of the costs that aren’t covered by her medical insurance. What is Lian’s allowed itemized deduction for medical expenses if her adjusted gross income is $39,000 before considering any of this information?
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Related Book For
Concepts In Federal Taxation 2011
ISBN: 9780538467926
18th Edition
Authors: Kevin E. Murphy, Mark Higgins
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