Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $54,200 and has incurred the following medical expenses: Dentist charges Physician charges Optical charges cost of eyeglasses Hospital charges Prescription drugs Over-the-counter drugs Medical insurance premiums (not through an exchange) $ 1,410 1,890 525 465 2,300 385 695 1,015 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 Calvin reviewed his canceled checks and receipts this year (2021) for charitable contributions, which Included an antique painting and IBM stock. He has owned the IBM stock and the painting since 2005. Donee Hobbs Medical Center State Museum A needy family United Way Item IBM stock Antique painting Food and clothes Cost $ 8,200 6,600 720 40,000 FMV $ 54,000 3,960 430 40,000 Cash Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances. (Leave no answer blank. Enter zero If applicable.) e. Calvin's AGI IS $260,000, but the painting is worth $106,000. S Charitable contribution deduction Carryover 95,960 2,000 $ In addition to cash contributions to charity, Dean decided to donate shares of stock and a portrait painted during the earlier part of the last century. Dean purchased the stock and the portrait many years ago as Investments. Dean reported the following recipients in 2021: Charity State University Red Cross state History Museum City Medical Center Property Cash Cash Antique painting Dell stock Cost $ 17,800 15,900 5,280 56, eee FMV $ 17,800 15,900 93,280 45,880 b. Assume that Dean's AGI this year is $290,000. Determine Dean's itemized deduction for his charitable contributions this year and any carryover. Answer is complete but not entirely correct. Deduction $ 145,000 Carryover 118,100%