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Larry James had adjusted gross income of $60,000 in 2009. He paid health insurance premiums of $900, Hospital visit for a medical operation $5,000; doctor's
Larry James had adjusted gross income of $60,000 in 2009. He paid health insurance premiums of $900, Hospital visit for a medical operation $5,000; doctor's bills for $700; prescription medicines and drugs of $640; and contact lenses for $275. Becasue of his insurance, he was reimbursed $1,000 in 2009.
a. Caluculate Larry's medical deduction (show work)
b. Would you anwser change if the insurance reimbursement occured in 2010?
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