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The following information applies to the questions displayed below.] Simpson, age 45, is a single individual who is employed full-time by Duff Corporation. This year
The following information applies to the questions displayed below.]
Simpson, age 45, is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $61,800 and has incurred the following medical expenses:
Dentist charges | $ | 940 |
Physician charges | 2,700 | |
Optical charges | 835 | |
Cost of eyeglasses | 420 | |
Hospital charges | 2,550 | |
Prescription drugs | 570 | |
Over-the-counter drugs | 785 | |
Medical insurance premiums (not through an exchange) | 825 | |
a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
Medical expenses=
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