During 2022, Angela sustains serious injuries from a snowskiing accident. She incurs the following expenses: Item.......................................................................................Amount Doctor

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During 2022, Angela sustains serious injuries from a snowskiing accident. She incurs the following expenses: 

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, $6,750 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 2021 taxable income?

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Pearsons Federal Taxation 2023 Comprehensive

ISBN: 9780137840656

36th Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse

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