Kimaya, age 30, spent $10,000 on qualified medical expenses during 2023. If her AGI for 2023 was $100,000, how much can she deduct on Schedule A for the medical expense deduction? A) $2,500 B) $10,000 C) $7,500 D) $0

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter7: Tax Credits
Section: Chapter Questions
Problem 12MCQ
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Kimaya, age 30, spent $10,000 on qualified medical expenses during 2023. If her AGI for 2023
was $100,000, how much can she deduct on Schedule A for the medical expense
deduction?
A) $2,500
B) $10,000
C) $7,500
D) $0
Transcribed Image Text:Kimaya, age 30, spent $10,000 on qualified medical expenses during 2023. If her AGI for 2023 was $100,000, how much can she deduct on Schedule A for the medical expense deduction? A) $2,500 B) $10,000 C) $7,500 D) $0
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