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please answer all the questions Required information [The following information applies to the questions displayed below.) Simpson, age 45, is a single individual who is

please answer all the questions
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Required information [The following information applies to the questions displayed below.) Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $67,200 and has incurred the following medical expenses: Dentist charges Physician charges Optical charges Cost of eyeglasses Hospital charges Prescription drugs Over-the-counter drugs Medical insurance premiums (not through an exchange) $ 1,200 2,370 565 485 2,700 265 735 855 a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. Medical expenses Required information [The following information applies to the questions displayed below.) Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $67,200 and has incurred the following medical expenses: Dentist charges $ 1,200 Physician charges 2,370 Optical charges Cost of eyeglasses Hospital charges 2,700 Prescription drugs 265 Over-the-counter drugs Medical insurance premiums (not through an exchange) 565 485 735 855 b. Suppose that Simpson was reimbursed for $250 of the physician's charges and $1,200 for the hospital costs. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. Medical expenses Required information (The following information applies to the questions displayed below.) This year Randy paid $30,250 of interest on his residence. (Randy borrowed $480,000 to buy his residence, which is currently worth $530,000.) Randy also paid $3,250 of interest on his car loan and $5,325 of margin interest to his stockbroker (investment interest expense). How much of this interest expense can Randy deduct as an itemized deduction under the following circumstances? a. Randy received $2,800 of interest this year and no other investment income or expenses. His AGI is $75,000 Interest deductible Required information The following information applies to the questions displayed belowj This year Randy paid $30,250 of interest on his residence. (Randy borrowed $480,000 to buy his residence, which is currently worth $530,000.) Randy also paid $3,250 of interest on his car loan and $5,325 of margin interest to his stockbroker (investment interest expense). How much of this interest expense can Randy deduct as an itemized deduction under the following circumstances? b. Randy had no investment income this year, and his AGI is $75,000 Interest deducible

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