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Simpson is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $37,000 and has incurred the following medical
Simpson is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $37,000 and has incurred the following medical expenses:
Dentist charges | $ | 945 |
Physician's charges | 1,820 | |
Optical charges | 920 | |
Cost of eyeglasses | 485 | |
Hospital charges | 2,260 | |
Prescription drugs | 345 | |
Over-the-counter drugs | 860 | |
Medical insurance premiums (not through an exchange) | 1,145 | |
a. Calculate the amount of medical expenses that will be included with Simpsons itemized deductions after any applicable limitations. b. Suppose that Simpson was reimbursed for $465 of the physician's charges and $1,420 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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