Question
Simpson is a single individual under 65 who is employed full-time by Duff Corporation. This year Simpson reports AGI of $65,200 and has incurred the
Simpson is a single individual under 65 who is employed full-time by Duff Corporation. This year Simpson reports AGI of $65,200 and has incurred the following medical expenses
Dentist charges | $ | 1,580 |
Physician's charges | 1,860 | |
Optical charges | 620 | |
Cost of eyeglasses | 535 | |
Hospital charges | 3,100 | |
Prescription drugs | 585 | |
Over-the-counter drugs | 870 | |
Medical insurance premiums (not through an exchange) $860 1) Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations._________ 2) Suppose that Simpson was reimbursed for $500 of the physician's charges and $1,890 for the hospital costs. Calculate the amount of medical expenses that will be included with Simpsons itemized deductions after any applicable limitations.______
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