Question
During the current year Denise has paid the following medical expenses: Drugs (prescribed by physician) $1,850 Marijuana (prescribed by physician) $2,125 Health Insurance Premiums After
During the current year Denise has paid the following medical expenses:
Drugs (prescribed by physician) | $1,850 |
Marijuana (prescribed by physician) | $2,125 |
Health Insurance Premiums After Taxes | $775 |
Doctors Fees | $1,450 |
Contact Lenses | $280 |
Over-the-Counter-Drugs | $325 |
Denise received $750 for a portion of her doctors fees from her insurance.
Create a spreadsheet in Excel to calculate Denises medical expense deduction. Use the formula for calculating a taxpayers medical expense deduction presented in your textbook in learning object 5.6 as a guide. Use the AGI you calculated for the couple in week 2 in your calculation. Make sure to properly label each medicalexpense andprovide an explanation for any medical expenses that are nondeductible.
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