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I need help with requirement b. i X More Info After incurring $21,000 of medical expenses at the hospital, the doctor recommended that Casey install

I need help with requirement b.

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i X More Info After incurring $21,000 of medical expenses at the hospital, the doctor recommended that Casey install a pool at her home for therapy. The pool cost $34,000 to install and increased the value of her home by $32,000. She spent $940 maintaining the pool in 2019 and $1,070 in 2020. Casey also purchased a wheelchair on December 28, 2019, for $2,500, which she charged to her credit card. She paid her credit card bill on January 6, 2020. She also purchased a hospital bed for $4,200 but did not pay for the bed until 2020. Casey paid her physical therapist $4,400 for services performed in 2020. Casey paid $600 in medical insurance premiums on an after-tax basis in both 2019 and 2020. In 2020, the insurance company reimbursed Casey $11,000 for her hospital stay in 2019. Her AGI for 2019 and 2020 is $42,000 and $48,000, respectively, not considering any of the above items. Note: At the time the book was printed, the percentage of AGI was 10% for 2019. In Dec. 2019, the rate changed to 7.5%. 10% was used for this question. Print Done In 2019, Casey, a single taxpayer with no dependents, was severely hurt in a farm accident. Casey is 38 years old. The accident left Casey's less 85% paralyzed. (Click the icon to view additional information on expenses paid.) Casey has no other itemized deductions in either year. (Click the icon to view the standard deduction schedule.) Read the requirements Requirement What is Casey's taxable income for 2019? Begin by calculating the qualified medical expense deduction for 2019. (If an input field is not used in the table leave the input field(s) empty; do not select a label or enter a zero.) 21,000 Hospital bills Excess cost of pool over increased value of home Maintenance of pool 2,000 940 Medical insurance premium 600 Wheelchair 2,500 Medical expenses Less: 10% percent of AGI 27,040 (4.200) $ 22,840 Qualified medical expense deduction Now calculate Casey's 2019 taxable income. Adjusted gross income (AGI) S 42,000 Minus: Deductions from AGI: Itemized deductions (22,840) S Taxable income 19,160 Requirement b. What is Casey's medical expense deduction for 2020? How does she treat the reimbursement? First, let's determine the proper treatment for the reimbursement of the medical expense. Casey's will be by $ he input fields and then click Check Answer. Choose from adjusted gross income 2020 total medical expenses i X More Info After incurring $21,000 of medical expenses at the hospital, the doctor recommended that Casey install a pool at her home for therapy. The pool cost $34,000 to install and increased the value of her home by $32,000. She spent $940 maintaining the pool in 2019 and $1,070 in 2020. Casey also purchased a wheelchair on December 28, 2019, for $2,500, which she charged to her credit card. She paid her credit card bill on January 6, 2020. She also purchased a hospital bed for $4,200 but did not pay for the bed until 2020. Casey paid her physical therapist $4,400 for services performed in 2020. Casey paid $600 in medical insurance premiums on an after-tax basis in both 2019 and 2020. In 2020, the insurance company reimbursed Casey $11,000 for her hospital stay in 2019. Her AGI for 2019 and 2020 is $42,000 and $48,000, respectively, not considering any of the above items. Note: At the time the book was printed, the percentage of AGI was 10% for 2019. In Dec. 2019, the rate changed to 7.5%. 10% was used for this question. Print Done In 2019, Casey, a single taxpayer with no dependents, was severely hurt in a farm accident. Casey is 38 years old. The accident left Casey's less 85% paralyzed. (Click the icon to view additional information on expenses paid.) Casey has no other itemized deductions in either year. (Click the icon to view the standard deduction schedule.) Read the requirements Requirement What is Casey's taxable income for 2019? Begin by calculating the qualified medical expense deduction for 2019. (If an input field is not used in the table leave the input field(s) empty; do not select a label or enter a zero.) 21,000 Hospital bills Excess cost of pool over increased value of home Maintenance of pool 2,000 940 Medical insurance premium 600 Wheelchair 2,500 Medical expenses Less: 10% percent of AGI 27,040 (4.200) $ 22,840 Qualified medical expense deduction Now calculate Casey's 2019 taxable income. Adjusted gross income (AGI) S 42,000 Minus: Deductions from AGI: Itemized deductions (22,840) S Taxable income 19,160 Requirement b. What is Casey's medical expense deduction for 2020? How does she treat the reimbursement? First, let's determine the proper treatment for the reimbursement of the medical expense. Casey's will be by $ he input fields and then click Check Answer. Choose from adjusted gross income 2020 total medical expenses

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