Maria and Don had $20,800 in medical expenses. Their family medical insurance covered 60% of these expenses.
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Maria and Don had $20,800 in medical expenses. Their family medical insurance covered 60% of these expenses. The IRS allows medical and dental expense deductions for the amount that exceeds 10% of a taxpayer’s adjusted gross income. If their adjusted gross income is $101,598, how much can they claim as a medical deduction?
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The amount of allowable medical expenses for 2013 for a family of 2 is the lesser of 2700 or 10 of a...View the full answer
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Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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