Determine the amount of medical expenses that will be


Problem

Simpson is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $51,000 and has incurred the following medical expenses:

Dentist charges $ 900
Physician's charges 1,800
Optical charges 500
Cost of eyeglasses 300
Hospital charges 2,500
Prescription drugs 250
Over-the-counter drugs 450
Medical insurance premiums (not through an exchange) 775

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

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Accounting Basics: Determine the amount of medical expenses that will be
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