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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:
| Â | Â | Â |
| Â Â Dentist charges | $ | 1,490 |
| Â Â Physician's charges | Â | 2,600 |
| Â Â Optical charges | Â | 750 |
| Â Â Cost of eyeglasses | Â | 435 |
| Â Â Hospital charges | Â | 4,450 |
| Â Â Prescription drugs | Â | 485 |
| Â Â Over-the-counter drugs | Â | 815 |
| Â Â Medical insurance premiums (not through an exchange) | Â | 1,085 |
| Â | ||
| a. |
Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. |
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| 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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