b. Suppose that Simpson was reimbursed for $300 of the physician's charges and $3,250 for the hospital costs. Calculate the amount of medical expenses that will be included with Simpson's Itemized deductions after any applicable limitations.

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter10: Individuals: Income, Deductions, And Credits
Section: Chapter Questions
Problem 3BCRQ
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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
$55,000 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).
$ 1,370
2,630
655
345
4,150
685
725
1,260
b. Suppose that Simpson was reimbursed for $300 of the physician's charges and $3,250 for the hospital costs. Calculate the amount
of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
Medical expenses
Transcribed Image Text:Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $55,000 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). $ 1,370 2,630 655 345 4,150 685 725 1,260 b. Suppose that Simpson was reimbursed for $300 of the physician's charges and $3,250 for the hospital costs. 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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