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Required information Problem 6-34 (LO 6-2) [The following information applies to the questions displayed below.] Simpson, age 45, is a single individual who is employed
Required information
Problem 6-34 (LO 6-2)
[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 $58,400 and has incurred the following medical expenses:
Dentist charges | $ | 1,070 |
Physician charges | 1,910 | |
Optical charges | 965 | |
Cost of eyeglasses | 410 | |
Hospital charges | 4,100 | |
Prescription drugs | 535 | |
Over-the-counter drugs | 470 | |
Medical insurance premiums (not through an exchange) | 795 | |
Problem 6-34 Part-a
a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
Medical Expenses = ?
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