During 2018, Angela sustains serious injuries from a snow-skiing accident. She incurs the following expenses: Item Amount

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During 2018, Angela sustains serious injuries from a snow-skiing 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 2018 taxable income?

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Federal Taxation 2019 Comprehensive

ISBN: 9780134833194

32nd Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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