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Dominiques total allowable medical expenses in 2019 were $3,200. Her net income was $70,000 and the cut-off for the medical expense amount in 2019 was
Dominiques total allowable medical expenses in 2019 were $3,200. Her net income was $70,000 and the cut-off for the medical expense amount in 2019 was 3% of net income, or $2,352, whichever is less. What was her Federal medical expense tax credit in 2019? The lowest federal tax rate was 15%.
Points: 1
- $309
- $480
- $165
- $127
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