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Simpson is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $55,600 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 $55,600 and has incurred the following medical expenses: |
Dentist charges | $ | 1,490 |
Physician's charges | 2,600 | |
Optical charges | 750 | |
Cost of eyeglasses | 435 | |
Hospital charges | 4,450 | |
Prescription drugs | 485 | |
Over-the-counter drugs | 815 | |
Medical insurance premiums (not through an exchange) | 1,085 | |
a. | Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. |
b. | Suppose that Simpson was reimbursed for $730 of the physician's charges and $1,610 for the hospital costs. Calculate the amount of medical expenses that will be included with Simpson |
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