Question
During 2014, Lucinda, suffered serious injuries in a snow-boarding accident. She incurred the following costs as a result: Doctor bills $11,700 Hospital bills 9,400 Legal
During 2014, Lucinda, suffered serious injuries in a snow-boarding accident. She incurred the following costs as a result:
Doctor bills $11,700
Hospital bills 9,400
Legal fees to sue the ski resort 3,000
Lucinda is single with no dependents. Her 2014 salary was $58,000. She paid $600 in medical and dental insurance premiums, which were withheld from her salary on an after-tax basis, $2,750 in mortgage interest on her personal residence, and $1,200 in interest on her car loan. She was reimbursed for $10,000 in medical expenses by her health insurer. Calculate her 2014 taxable income
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