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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 $50,000 and has incurred
Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $50,000 and has incurred the following medical expenses:
Dentist charges | $ 900 |
---|---|
Physician charges | 1,800 |
Optical charges | 500 |
Cost of eyeglasses | 300 |
Hospital charges | 2,100 |
Prescription drugs | 250 |
Over-the-counter drugs | 450 |
Medical insurance premiums (not through an exchange) | 775 |
a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
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