During 2019, Angela sustains serious injuries from a snow skiing accident. She incurs the following expenses: Item

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During 2019, 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 2019 taxable income?

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Federal Taxation 2020 Comprehensive

ISBN: 9780135196274

33rd Edition

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

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