Question
Richard, age 50, is employed as an actuary. For calendar year 2022, he had AGI of $100,000 and paid the following medical expenses: Medical insurance
Richard, age 50, is employed as an actuary. For calendar year 2022, he had AGI of $100,000 and paid the following medical expenses:
| Medical insurance premiums | $8,300 |
| Doctor and dentist bills | 3,900 |
| Eye exams and eyeglasses | 2,100 |
| Prescribed medicines | 830 |
What is Richards maximum allowable medical expense deduction for 2022 assuming he itemizes his deductions?
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Internal Auditing An Integrated Approach
Authors: Richard Cascarino
3rd Edition
1485110599, 978-1485110590
