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Please show all work. . 1. Sabrina pays the following medical expenses this year: $1,500 for doctor bills for Sabrina's son who is claimed as
Please show all work.
. 1. Sabrina pays the following medical expenses this year: $1,500 for doctor bills for Sabrina's son who is claimed as a dependent by Sabrina's former spouse. $300 for Sabrina's eyeglasses. $900 for Sabrina's dental work. $3,800 for Sabrina's face lift. Sabrina, a motivational speaker, is worried about the wrinkles around her eyes. How much can Sabrina include on his return as qualified medical expenses before limitation? A) $1,200 B) $2,400 C) $2,700 D) $6,500 2. Chen paid the following taxes this year: Real estate taxes on rental property he owns Real estate taxes on his own residence Federal income taxes State income taxes Local city income taxes $4.000 7,500 8,000 3,400 500 What amount can Chen deduct as an itemized deduction on his tax return? A) $7,500 B) $10,000 C) $11,400 D) $23,400Step by Step Solution
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