Caleb deductible medical expenses


Problem:

Caleb's medical expenses before reimbursement for the year include the following:

Medical premiums $11,000
Doctors, hospitals 3,500
Prescriptions 600

Caleb's AGI for the year is $50,000. Caleb also receives a reimbursement for medical expenses of $1,000. Caleb's deductible medical expenses that will be added to the other itemized deduction will be:

A. $9,100
B. $10,100.
C. $14,500.
D. $15,100.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Caleb deductible medical expenses
Reference No:- TGS01918719

Now Priced at $20 (50% Discount)

Recommended (97%)

Rated (4.9/5)