Question
Q.2- Mr. Abdullahs medical and personal expenses include the following: (2.5 mark) Particulars Amount in $ Prescription drugs 2,400 Eyeglasses 1,400 Doctors fees 8,000 Hospital
Q.2- Mr. Abdullahs medical and personal expenses include the following: (2.5 mark)
Particulars | Amount in $ |
Prescription drugs | 2,400 |
Eyeglasses | 1,400 |
Doctors fees | 8,000 |
Hospital fees | 13,400 |
Food for personal use (expenses) | 4,000 |
Travel allowances | 10,000 |
General purpose vitamins | 400 |
Medical premiums | 43,400 |
Visitors fees | 2,000 |
Recreation fees | 5,000 |
Club fess | 2,000 |
Abdullahs AGI for the year is $ 132,000. He is single and age 56. Insurance company reimburses none of the medical costs and other related items.
After considering the AGI floor, what will be Abdullahs medical expense deduction?
Answer:
Please Plagiarism IS NOT ALLOWED, USE YOUR WORDS DONT COPY AND PASTE. *(Please make it as a text not handwriting) if there any reference add it
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