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Simpson, age 45, is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $60,400 and has incurred the
Simpson, age 45, is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $60,400 and has incurred the following medical expenses:
Dentist charges $ 960
Physician charges 2,420
Optical charges 990
Cost of eyeglasses 490
Hospital charges 2,600
Prescription drugs 355
Over-the-counter drugs 825
Medical insurance premiums (not through an exchange) 930
a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
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