In 2018, Margaret and John Murphy (age 66 and 68, respectively) are married taxpayers who file a joint tax return with AGI of $25,400. During the year they incurred the following expenses: Medical insurance premiums $1,150 400 Premiums on an insurance policy that pays $100 per day for each day Margaret is hospitalized Medical care lodging (two people, one night) 65 Hospital bills Doctor bills Dentist bills 175 Prescription drugs and medicines 340 Psychiatric care 350 In addition, they drove 83 miles for medical transportation, and their insurance company reimbursed them $900 for the above expenses. On the following segment of Schedule A of Form 1040, calculate the Murphy's medical expense deduction. Tf mourad round an amount to the nearest dollar inter all amounts o nositive numbers Matthew borrows $290,000 to invest in bonds. During the current year, his interest on the loan is $29.000. Matthew's taxable interest income from the bonds is $17,400. This is Matthew's only investment income a. Calculate Matthew's itemized deduction for investment interest expense for this year. b. Is Matthew entitled to a deduction related to the investment interest expense) in future years