I:8-34 Medical Expense Deduction. During 2022, Angela sustains serious injuries from a snowskiing accident. She incurs the

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I:8-34 Medical Expense Deduction. 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 Corporations Partnerships Estates And Trust 2023

ISBN: 9780137730391

36th Edition

Authors: KENNETH E. ANDERSON, DAVID S. HULSE, TIMOTHY J. RUPERT Richard J. Joseph LeAnn Luna

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