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Required information [The following information applies to the questions displayed below.) Simpson, age 45, is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $51,000 and has incurred the following medical expenses: 640 Dentist charges $1,680 Physician charges 2,310 Optical charges 720 Cost of eyeglasses Hospital charges 3,000 Prescription drugs 365 Over-the-counter drugs Medical insurance premiums (not through an exchange) 975 705 a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. Note: for this question, use the 10% of AGI threshold for medical expenses. Make sure you are also familiar with the new % of AGI threshold implemented as part of the Dec. 2019 tax law changes. Required information [The following information applies to the questions displayed below.) In each of the following independent cases, indicate the amount (1) deductible for AGI, (2) deductible from AGI, and (3) deductible neither for nor from AGI before considering income limitations or the standard deduction. (Leave no answer blank. Enter zero if applicable.) 1. Wayne lost $405 on the bets he made at the race track, but he won $140 playing slot machines. Deductible for AI Deductible from AGI Not deductible Dan has AGI of $50,000 and paid the following taxes during this tax year. State income tax withholding State income tax estimated payments Federal income tax withholding Social Security tax withheld from wages State excise tax on liquor Automobile license (based on the car's weight) State sales tax paid $ 1,400 820 3,200 2,020 460 330 540 Calculate how much Dan can deduct for taxes as an itemized deduction this year. Deductible taxes