Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $52,000 and has incurred the following medical expenses: Dentist charges Physician charges Optical charges $ 1,740 2,190 515 Cost of eyeglasses 495 Hospital charges 3,600 Prescription drugs 285 Over-the-counter drugs 860 Medical insurance premiums (not through an exchange) 1,220 Problem 6-38 Part-a (Algo) a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. Medical expenses
Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $52,000 and has incurred the following medical expenses: Dentist charges Physician charges Optical charges $ 1,740 2,190 515 Cost of eyeglasses 495 Hospital charges 3,600 Prescription drugs 285 Over-the-counter drugs 860 Medical insurance premiums (not through an exchange) 1,220 Problem 6-38 Part-a (Algo) a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. Medical expenses
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 28P
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Problem 6-38 (LO 6-2) (Algo)
[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
$52,000 and has incurred the following medical expenses:
Dentist charges
Physician charges
Optical charges
$ 1,740
2,190
515
Cost of eyeglasses
495
Hospital charges
3,600
Prescription drugs
285
Over-the-counter drugs
860
Medical insurance premiums (not through an exchange)
1,220
Problem 6-38 Part-a (Algo)
a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
Medical expenses](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6d26575d-974f-4ef7-877e-fd0458b064d3%2F5d7dad36-8095-40af-bd48-c1c06df51677%2Ffjp337l_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required information
Problem 6-38 (LO 6-2) (Algo)
[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
$52,000 and has incurred the following medical expenses:
Dentist charges
Physician charges
Optical charges
$ 1,740
2,190
515
Cost of eyeglasses
495
Hospital charges
3,600
Prescription drugs
285
Over-the-counter drugs
860
Medical insurance premiums (not through an exchange)
1,220
Problem 6-38 Part-a (Algo)
a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
Medical expenses
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