Question
a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. b. Suppose that Simpson was reimbursed
a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
b. Suppose that Simpson was reimbursed for $360 of the physician's charges and $2,500 for the hospital costs. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
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 $56,600 and has incurred the following medical expenses:
Dentist charges | $ 1,380 |
---|---|
Physician charges | 2,100 |
Optical charges | 575 |
Cost of eyeglasses | 450 |
Hospital charges | 3,400 |
Prescription drugs | 530 |
Over-the-counter drugs | 685 |
Medical insurance premiums (not through an exchange) | 1,190 |
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