Julia Sims has $52,000 of adjusted gross income and $8,320 of medical expenses. She will be itemizing her tax deductions this year. The most recent tax year has a medical expenses floor of 10 percent. How much of a tax deduction for medical expenses will Julia be able to take? Tax deduction for medical expenses Wendy Brooks prepares her own income tax return each year. A tax preparer would charge her $215 for this service. Over a period of 11 years, how much does Wendy gain from preparing her own tax return? Assume she can earn 2 percent on her savings. Use Exhibit 1- B. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.) Future value If 430,000 people each receive an average refund of. $2,150, based on an annual interest rate of 3 percent, what would be the lost annual income from savings on those refunds? Lost annual income