Calculate the amount of medical expenses that will be

Assignment Help Accounting Basics

Reference no: EM13598715

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 $

Reference no: EM13598715

Questions Cloud

Lindy corporation has requested an estimate to rebuild its : padong remanufacturing rebuilds spot welders for manufacturers. the following budgeted cost data for 2008 is available

Hanks hardware which sells sheers of sandpaper in bulk : hanks hardware which sells sheers of sandpaper in bulk. october 1 hank had 4000 sheets of sandpaper at the average cost

Assuming that brandlin designates the forward contract as a : brandlin company of anaheim california sells parts to a foreign customer on december 1 2011 with payment of 20000

A depreciation schedule for semi-trucks of ichiro : a depreciation schedule for semi-trucks of ichiro manufacturing co was requested by your auditor soon after dec 31 2011

Calculate the amount of medical expenses that will be : simpson is a single individual who is employed full-time by duff corporation. this year simpson reports agi of 60400

A of ahmedabad consigned goods to b of mumbai for sale at : a of ahmedabad consigned goods to b of mumbai for sale at performa invoice price or over. b is entitled to have

In 2011 sven is single and has 167000 of regular taxable : in 2011 sven is single and has 167000 of regular taxable income. he itemizes his deductions as follows real property

In 2011 lisa and fred a married couple have taxable income : in 2011 lisa and fred a married couple have taxable income of 445000. if they were to file separate tax returns lisa

Lexicon inc had beginning inventory in march consisting of : lexicon inc. had beginning inventory in march consisting of 15000 units 60 percent converted and ending inventory

User Account

All Pages