Question
*Please clealy inidcate with answer is for part A and which is for part B.* Simpson is a single individual who is employed full-time by
*Please clealy inidcate with answer is for part A and which is for part B.*
Simpson is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $51,000 and has incurred the following medical expenses:
Dentist charges | $ | 1,680 |
Physician's charges | 2,310 | |
Optical charges | 720 | |
Cost of eyeglasses | 640 | |
Hospital charges | 3,000 | |
Prescription drugs | 365 | |
Over-the-counter drugs | 705 | |
Medical insurance premiums (not through an exchange) | 975 | |
|
a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
b. Suppose that Simpson was reimbursed for $760 of the physician's charges and $1,650 for the hospital costs. Calculate the amount of medical expenses that will be included with Simpsons itemized deductions after any applicable limitations.
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