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Derek and Cynthia are married and together have AGI of $100,000 in Year 1. They pay...
Problem: 2 taxpayers age 66 and 68 married and file joint tax return , AGI $26,100...
Problem: 2 taxpayers age 66 and 68 married and file joint tax return , AGI $26,100 -medical insurance premiums $1300 -premiums on an insurance policy that pays $100 per day for each day spent in hospitalized $400 -medical care lodging (twobpeople , one night ) $65 -hospital bills $2100 -doctor bills $850 -dentist bills $200 -prescription drugs and medicines$340 -psychiatric care $350 they drove 80 milles for medical , their insurance reimbursed$800 for the above expenses on schedule A what...
Medical Expenses (LO 5.6) In 2018, Margaret and John Murphy (age 66 and 68, respectively) are married taxpayers who file a joint tax return with AGI of $25,400. During the year they incurred the foll...
Medical Expenses (LO 5.6) In 2018, Margaret and John Murphy (age 66 and 68, respectively) are married taxpayers who file a joint tax return with AGI of $25,400. During the year they incurred the following expenses: Medical insurance premiums $1,150 400 Premiums on an insurance policy that pays $100 per day for each day Margaret is hospitalized Medical care lodging (two people, one night Hospital bills Doctor bills Dentist bills Prescription drugs and medicines Psychiatric care 65 2,100 850 175...
s 22. 10.2 Emma Doyle is employed as a corporate attorney. For calendar year 2020, she...
s 22. 10.2 Emma Doyle is employed as a corporate attorney. For calendar year 2020, she had AGI of $75,000 and paid the following medical expenses: $3,700 Medical insurance premiums Doctor and dentist bills for Bob and April (Emma's parents) 6,800 Doctor and dentist bills for Emma 5,200 Prescription medicines for Emma 400 Nonprescription insulin for Emma 350 Bob and April would qualify as Emma's dependents except that they file a joint return. Emma's medical insurance policy does not cover...
In 2019, Margaret and John Murphy (age 66 and 68, respectively) are married taxpayers who file...
In 2019, Margaret and John Murphy (age 66 and 68, respectively) are married taxpayers who file a joint tax return with AGl of $26,100. During the year they incurred the following expenses: Medical insurance premiums $1,300 Premiums on an insurance policy that pays $100 per day for each day Margaret is hospitalized 400 Medical care lodging (two people, one night) 65 Hospital bills 2,100 Doctor bills 850 Dentist bills 200 Prescription drugs and medicines 340 Psychiatric care 350 In addition,...
Aaron, single, age 43, had AGI of $60,000 for 2019. He paid the following medical expenses...
Aaron, single, age 43, had AGI of $60,000 for 2019. He paid the following medical expenses in 2019: Hospital expenses - skiing accident $5,600 Doctor bills & Prescriptions 1,400 Surgeon to get a nose job (not related to skiing injury) 5,000 Medical expenses he paid for his child (claimed by his former wife as a dependent). 1,200 Nursing care expenses for Aaron’s dependent Father, including $600 for cable TV for his room. 6,000 Medical and dental premiums (his share), deducted...
In 2018, Margaret and John Murphy (age 66 and 68, respectively) are married taxpayers who file...
In 2018, Margaret and John Murphy (age 66 and 68, respectively) are married taxpayers who file a joint tax return with Al of $25,400. During the year they incurred the following expenses: Medical insurance premiums $1,150 400 Premiums on an insurance policy that pays $100 per day for each day Margaret is hospitalized Medical care lodging (two people, one night) Hospital bills 2,100 Doctor bills Dentist bills 175 Prescription drugs and medicines 340 Psychiatric care 350 In addition, they drove...
john is employed as a bus driver. For calendar year 2019, he had AGI of $110,000...
john is employed as a bus driver. For calendar year 2019, he had AGI of $110,000 and paid the following medical expenses: Doctor and Dentist bills - $5,000 Prescription medicine - $2,000 Knee replacement surgery - $12,500 Contact Lenses - $500 Over the counter (non-prescription medicine) $75 As the request of his doctor, he put a pool in the backyard at a cost of $8,500. The value of the home improved by $6,000 as a result of the addition. What...
Simpson is a single individual who is employed full-time by Duff Corporation. This year Simpson reports...
Simpson is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $54,000 and has incurred the following medical expenses: Dentist charges Physician's charges Optical charges Cost of eyeglasses Hospital charges Prescription drugs Over-the-counter drugs Medical insurance premiums (not through an exchange) 1,120 $1,880 2,760 605 525 4,500 275 805
Tom Lewis, an individual taxpayer, had an adjusted gross income of $40,000 on his current-year tax...
Tom Lewis, an individual taxpayer, had an adjusted gross income of $40,000 on his current-year tax return. He incurred the following medical expenses this year: Doctor fees for various illnesses $5,000 Prescription medicine and drugs 1,000 Medical insurance premiums 3,000 Over-the-counter cold medicine and vitamins 300 He received insurance reimbursements of $4,000 on the amounts. Under the tax regulations effective January 1, 2019, what is the net medical expense deduction that Tom may take for the current year as an itemized deduction? $8,000 $8,300...
ie is divorced and 45 years old. In 2017, he had AGI of $55,000. During the...
ie is divorced and 45 years old. In 2017, he had AGI of $55,000. During the year, he incurred and 5) Regg paid the following medical costs Doctor and dentist fees Prescription medicines Medical care insurance premiums Health club fee Crutches for a sprained ankle S 1,950 275 340 600 50 What is Reggie's medical expense deduction (after application of the adjusted gross income limitation) for his 2017 tax return? A) $0. B) $2,615. C) $3,215. D) $4,125
Medical Expenses (LO 5.6) In 2018, Margaret and John Murphy (age 66 and 68, respectively) are married taxpayers who file a joint tax return with AGI of $25,400. During the year they incurred the following expenses: Medical insurance premiums $1,150 400 Premiums on an insurance policy that pays $100 per day for each day Margaret is hospitalized Medical care lodging (two people, one night Hospital bills Doctor bills Dentist bills Prescription drugs and medicines Psychiatric care 65 2,100 850 175...
s 22. 10.2 Emma Doyle is employed as a corporate attorney. For calendar year 2020, she had AGI of $75,000 and paid the following medical expenses: $3,700 Medical insurance premiums Doctor and dentist bills for Bob and April (Emma's parents) 6,800 Doctor and dentist bills for Emma 5,200 Prescription medicines for Emma 400 Nonprescription insulin for Emma 350 Bob and April would qualify as Emma's dependents except that they file a joint return. Emma's medical insurance policy does not cover...
In 2018, Margaret and John Murphy (age 66 and 68, respectively) are married taxpayers who file a joint tax return with Al of $25,400. During the year they incurred the following expenses: Medical insurance premiums $1,150 400 Premiums on an insurance policy that pays $100 per day for each day Margaret is hospitalized Medical care lodging (two people, one night) Hospital bills 2,100 Doctor bills Dentist bills 175 Prescription drugs and medicines 340 Psychiatric care 350 In addition, they drove...
Simpson is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $54,000 and has incurred the following medical expenses: Dentist charges Physician's charges Optical charges Cost of eyeglasses Hospital charges Prescription drugs Over-the-counter drugs Medical insurance premiums (not through an exchange) 1,120 $1,880 2,760 605 525 4,500 275 805
ie is divorced and 45 years old. In 2017, he had AGI of $55,000. During the year, he incurred and 5) Regg paid the following medical costs Doctor and dentist fees Prescription medicines Medical care insurance premiums Health club fee Crutches for a sprained ankle S 1,950 275 340 600 50 What is Reggie's medical expense deduction (after application of the adjusted gross income limitation) for his 2017 tax return? A) $0. B) $2,615. C) $3,215. D) $4,125
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