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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Related Book For
Federal Taxation 2020 Comprehensive
ISBN: 9780135196274
33rd Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse
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