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for applies to the stions displayed Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson
for applies to the stions displayed Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $61,800 and has incurred the following medical expenses Dentist charges Physician charges Optical charges Cost of eyeglasses Hospital charges Prescription drugs) Over-the-counter drugs Medical insurance premiums (not through an exchange) $ 940 2,700 835 420 2,550 570 285 825 b. Suppose that Simpson was reimbursed for $380 of the physician's charges and $1,650 for the hospital costs. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. Dan has AGI of $50,000 and paid the following taxes during this tax year. State income tax withholding State income tax estimated payments Federal income tax withholding Social Security tax withheld from wages State excise tax on liquor Automobile license (based on the car's weight) State sales tax paid $ 1,075 560 2,875 1,760 330 265 345 Calculate how much Dan can deduct for taxes as an itemized deduction this year.
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