Homework Answers
Based on the information available in the question, we can answer as follows:-
Requirement A:-
| Particulars | Amount |
| Dentish charges | 1,490 |
| Physician charges | 2,600 |
| Opticall charges | 750 |
| Cost of eyeglasses | 435 |
| Hospital charges | 4,450 |
| Prescription drugs | 485 |
| Medical Insurance premiums | 1,085 |
| Medical expenses | 11,295 |
| Total Medical expenses | 22,590 |
Itemized deduction = $22,590 - $55,600(7.5%)
Itemized deduction = $22,590 - $4,170
Itemized deduction = $18,420
Requirement B:-
Itemized Deduction = Total medical expenses - Reimburseements - $55,600(7.5%)
Itemized deductiion = $22,590 - $250 - $1,200 - $4,170
Itemized Deduction =$16,970
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Required information l 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 $50,000 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 $ 900 1,800 500 300 2,100 250 450 through an exchange) 775 a. Calculate the amount of medical expenses that will...
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