Reimbursement for the expenditures


Mr. and Mrs. Gere, who are filing a joint return, have adjusted gross income of $50,000. During the tax year, they paid the following medical expenses for themselves and for Mrs. Gere's mother, Mrs. Williams. The Gere's could claim Mrs. Williams as their dependent, but she has too much gross income.

Insulin for Mr. Gere $1,000
Health insurance premiums for Mrs. Gere $3,100
Hospital bill for Mrs. Williams $5,200
Doctor bill for Mrs. Gere $4,000

Mr. and Mrs. Gere received no reimbursement for the above expenditures. What is the amount of their deductible itemized medical expenses?

A) $6,450

B) $9,550

C) $5,550

D) $13,300

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Reimbursement for the expenditures
Reference No:- TGS045822

Expected delivery within 24 Hours