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Itemized Deductions (LO. 4) Rebecca and Irving incur the following medical expenses during the current year: Medical insurance premiums Hospital Doctors Dentist Veterinarian Chiropractor Cosmetic
Itemized Deductions (LO. 4) Rebecca and Irving incur the following medical expenses during the current year: Medical insurance premiums Hospital Doctors Dentist Veterinarian Chiropractor Cosmetic surgery Over-the-counter drugs Prescription drugs Crutches $4,500 950 1,925 575 170 220 1,450 165 195 105 They receive $4,000 in reimbursements from their insurance company of which $300 is for the cosmetic surgery Refer to Exhibit 8-2 to answer the following questions. What is their medical expense deduction if their adjusted gross income is the following: a. Adjusted gross income of $59,500. Their medical expense deduction is b. Adjusted gross income of $62,000. Their medical expense deduction is $
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