Question
Louise Lewis, age 72, is married and supports her mother, age 96. During 2020, Louise pays $1,300 for prescription medicine for her mother, who is
Louise Lewis, age 72, is married and supports her mother, age 96. During 2020, Louise pays $1,300 for prescription medicine for her mother, who is claimed as a dependent, $1,000 for prescription medicine for her husband, and $3,400 for physician bills for herself. Louise's gross income is $55,000 and her adjusted gross income is $50,000. Assuming that Louise has sufficient other deductions to itemize for 2020, how much medical expense will Louise and her husband actually deduct on their joint 2020 Form 1040?
A 1,950
B 5,700
C1,950
D 650
E None of the above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started