Question
Simpson, age 45, is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $69,600 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 $69,600 and has incurred the following medical expenses:
|
|
|
Dentist charges | $ | 1,430 |
Physician charges |
| 2,220 |
Optical charges |
| 560 |
Cost of eyeglasses |
| 670 |
Hospital charges |
| 3,300 |
Prescription drugs |
| 695 |
Over-the-counter drugs |
| 800 |
Medical insurance premiums (not through an exchange) |
| 945 |
a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
Medical expenses----------------------?
b. Suppose that Simpson was reimbursed for $250 of the physician's charges and $1,200 for the hospital costs. 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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