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a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. Medical expenses b. Suppose that Simpson
a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. Medical expenses b. Suppose that Simpson was reimbursed for $250 of the physician's charges and $1,200 for the hospital costs. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. Medical expenses 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 $55,600 and has incurred the following medical expenses: Dentist charges $ 1,490 Physician charges 2,600 Optical charges 750 Cost of eyeglasses 435 Hospital charges Prescription drugs 485 Over-the-counter drugs 815 Medical insurance premiums (not through an exchange) 1,085 4,450
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