Question
5. In January 2023, Mark Smith, age 68 had to have heart surgery. The total cost of the surgery was $100,000 and his insurance covered
5. In January 2023, Mark Smith, age 68 had to have heart surgery. The total cost of the surgery was $100,000 and his insurance covered a total of $82,000. Smith paid the remaining $18,000 in February. Marks adjusted gross income was $30,000. How much can Smith deduct in medical expenses in 2023?
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Modern Auditing And Assurance Services
Authors: Philomena Leung, Paul Coram, Barry J. Cooper, Peter Richardson
5th Edition
1742168450, 978-1742168456
