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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Simpson is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $55,600 and has incurred the following medical expenses:
| Dentist charges | $ | 1,490 |
| Physician's charges | 2,600 | |
| Optical charges | 750 | |
| Cost of eyeglasses | 435 | |
| Hospital charges | 4,450 | |
| Prescription drugs | 485 | |
| Over-the-counter drugs | 815 | |
| Medical insurance premiums (not through an exchange) | 1,085 | |
| a. |
Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. |
| b. |
Suppose that Simpson was reimbursed for $730 of the physician's charges and $1,610 for the hospital costs. Calculate the amount of medical expenses that will be included with SimpsonAc€?cs itemized deductions after any applicable limitations. |
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