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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 $73,800 and has incurred
Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $73,800 and has incurred the following medical expenses: Dentist charges Physician charges Optical charges Cost of eyeglasses $ 1,080 2,140 940 725 3,750 Prescription drugs 375 Over-the-counter drugs 935 Medical insurance premiums (not through an exchange) 1,060 Hospital charges Problem 6-36 Part-a (Algo) a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. Answer is complete but not entirely correct. Medical expenses $ 2,690 O
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