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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.
April 1 Stockholders invested $40,000 cash in the business in exchange for common stock. Prepare a trial balance on May 31, 2008
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1.the following information is available for chokr companydec 31 2014dec 31 2013cash140000 97000retained
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