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Daisy Corporation provides Fred, age 66, with $110,000 of group term life insurance coverage. Fred must include in incomeNan (a single taxpayer) paid $15,000 of
Daisy Corporation provides Fred, age 66, with $110,000 of group term life insurance coverage. Fred must include in incomeNan (a single taxpayer) paid $15,000 of medical expenses in 2022. Her AGI in 2022 was $85,000. Her other itemized deductions in 2022 (charitable contributions and mortgage interest) were $12,875. Nan is reimbursed $9,200 for medical expenses in 2023. What amount of the $9,200 refund is taxable in 2023 what amount THE ANSWER IS 8550 PLEASE SHOW ME HOW TO GET THAT
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