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Alex is single and has no dependents. He is self-employed and his gross income is $150,000. He pays $10,000 for medical insurance for himself. He

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Alex is single and has no dependents. He is self-employed and his gross income is $150,000. He pays $10,000 for medical insurance for himself. He also incurs $40,000 in doctor bills during the year that are not covered by his insurance. And he donates $12,000 to charity. (Pretend there are no other deductions -- no QBI deduction and no deduction for self- employment taxes.) Taking into account the 1096-of-AGI floor that applies to medical expenses, what is Alex's taxable income? $88.000. O $102.000. $103.000. 5137,600

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