Determine amount of medical expenses that will be included

Assignment Help Accounting Basics

Reference no: EM131976911

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.

Reference no: EM131976911

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