Simpson, age 45, 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 Physician charges Optical charges Cost of eyeglasses Hospital charges Prescription drugs Over-the-counter drugs Medical insurance premiums (not through an exchange) $ 960 2,420 990 3 490 2,600 355 825 930 a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter10: Deductions And Losses: Certain Itemized Deductions
Section: Chapter Questions
Problem 22P
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Simpson, age 45, 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
Physician charges
Optical charges
Cost of eyeglasses
Hospital charges
Prescription drugs
Over-the-counter drugs
Medical insurance premiums (not through an exchange)
$ 960
2,420
990
490
Medical expenses
2,600
355
825
930
a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
Transcribed Image Text:! Required information [The following information applies to the questions displayed below.] Simpson, age 45, 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 Physician charges Optical charges Cost of eyeglasses Hospital charges Prescription drugs Over-the-counter drugs Medical insurance premiums (not through an exchange) $ 960 2,420 990 490 Medical expenses 2,600 355 825 930 a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
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