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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 $73,400 and has incurred
Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $73,400 and has incurred the following medical expenses:
Dentist charges | $ 1,650 |
---|---|
Physician charges | 2,300 |
Optical charges | 710 |
Cost of eyeglasses | 400 |
Hospital charges | 2,400 |
Prescription drugs | 430 |
Over-the-counter drugs | 740 |
Medical insurance premiums (not through an exchange) | 1,025 |
Problem 6-38 Part-b (Algo)
b. Suppose that Simpson was reimbursed for $420 of the physician's charges and $1,500 for the hospital costs. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
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