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undefined Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $51,000 and has
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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 $51,000 and has incurred the following medical expenses: Dentist charges Physician charges Optical charges Cost of eyeglasses Hospital charges Prescription drugs Over-the-counter drugs Medical insurance premiums (not through an exchange) $1,680 2,310 720 640 3,000 365 705 975 Problem 7-22 Part-b (Algo) b. Suppose that Simpson was reimbursed for $250 of the physician's charges and $1,200 for the hospital costs. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitationsStep by Step Solution
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