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Please assume 2020 tax year: 12. Ms. Lincoln paid $14,340 of medical expenses this year that were not reimbursed by her insurance provider. Compute the
Please assume 2020 tax year:
12. Ms. Lincoln paid $14,340 of medical expenses this year that were not reimbursed by her insurance provider. Compute the after-tax cost of these expenses assuming that
- Ms. Lincoln doesnt itemize deductions on her Form 1040.
- Ms. Lincoln itemizes deductions, her AGI is $64,400, and her marginal tax rate is 24 percent.
- Ms. Lincoln itemizes deductions, her AGI is $209,200, and her marginal tax rate is 32 percent.
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