Question
Use the following information to complete Paige Turners 2017 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps.
Use the following information to complete Paige Turners 2017 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps. what are her medical expenses? which form & what line should be filled?
Paige slipped on a wet spot in front of a computer store last July. She broke her ankle and was unable to work for two weeks. She incurred $1,300 in medical costs, all of which were paid by the owner of the store. The store also gave her $1,000 for pain and suffering resulting from the injury. ASCI continued to pay her salary during the two weeks she missed because of the accident. ASCIs plan also paid her $1,200 in disability pay for the time she was unable to work. Under this plan ASCI pays the premiums for the disability insurance as a taxable fringe benefit.
In addition, Paige incurred the following unreimbursed medical costs:
Dentist | $ 310 |
Doctor | 390 |
Prescription drugs | 215 |
Over-the-counter drugs | 140 |
Optometrist | 125 |
Emergency room charges | 440 |
LASIK eye surgery | 2,000 |
Chiropractor | 265 |
Thanks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started