Calculate the amount of medical expenses


Simpson is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $60,400 and has incurred the following medical expenses:
Dentist charges
$960
Physician's charges
2,420
Optical charges
990
Cost of eyeglasses
490
Hospital charges
2,600
Prescription drugs
355
Over-the-counter drugs
825
Medical insurance premiums
930

A. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. Medical Expenses $

B.Suppose that Simpson was reimbursed for $1,100 of the physician's charges and $1,260 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 $

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Calculate the amount of medical expenses
Reference No:- TGS0706215

Expected delivery within 24 Hours