Please helpp, I’m stuck, thank youu 7.4-7.5 Form 1040 and Schedules A and B1. The Manson family had an adjusted gross income of $90,623. They included medicaldeductions on Schedule A. They had $16,870 in medical expenses. Medical insurance covered70% of these expenses. The IRS allows medical and dental expenses deductions for theamount that exceeds 8.2% of a taxpayer's adjusted gross income. How much can they claim asa medical deduction? SCHEDULES A&B(Form 1040)Department of the TreasuryInternal Revenue ServiceNamets) shown on FormMedicalandDentalExpensesTaxes YouPaid(Seepage A-2.)InterestYou Paid(Seepage A-5.)Note.Personalinterest isnotdeductible.Gifts toCharityIf you made agift and got abenefit for it.see page A-7.(Seepage A-9)OtherMiscellaneousDeductionsTotalItemizedDeductionsQ1 S91011Job Expenses 21and CertainMiscellaneousDeductions 22Casualty andTheft Losses 2012Enter amount from Form 1040, line 383Multiply line 2 by 7.5% (075)4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0-5State and local (check only one box):1516(99)1040ab6 Real estate taxes (see page A-5)7Personal property taxes8Other taxes. List type and amount17Attach to Form 1040,Schedule A-Itemized Deductions(Schedule B is on back)► See Instructions for Schedules A&B (Form 1040).Caution. Do not include expenses reimbursed or paid by others.Medical and dental expenses (see page A-1)L2117017-1Income taxes, orGeneral sales taxesFinancial Math 2 Binder....Add lines 5 through 812 Points not reported to you on Form 1098. See page A-6)for special rules.13 Qualified mortgage insurance premiums (see page A-6)14 Investment interest. Attach Form 4952 if required. (Seepage A-6.)Add lines 10 through 14Gifts by cash or check. If you made any gift of $250 ormore, see page A-7.Other than by cash or check. If any gift of $250 or more,see page A-8. You must attach Form 8283 if over $50018 Carryover from prior year19Add lines 16 through 18.......Casualty or theft loss(es). Attach Form 4684. (See page A-8.)Unreimbursed employee expenses-job travel, union dues, jobeducation, etc. Attach Form 2106 or 2106-EZ if required. (See pageA-9.)Tax preparation fees23 Other expenses-investment, safe deposit box, etc. List type andamount*******Home mortgage interest and points reported to you on Form 109810 2016Home mortgage interest not reported to you on Form 1098. If paidto the person from whom you bought the home, see page A-6and show that person's name, identifying no. and addressAdd lines 21 through 23Enter amount from Form 1040, line 3825For Paperwork Reduction Act Notice, see Farm 1040 instructions.1 3160 00+.56781112131416242526 Multiply line 25 by 2% (02)2627Subtract line 26 from line 24. If line 26 is more than line 24, enter -0-Other-from list on page A-10. List type and amount28171821 11290222324424516429 Is Form 1040, line 38, over $159,950 (over $79,975 if married filing separately)?No.Your deduction is not limited. Add the amounts in the far right column forlines 4 through 28. Also, enter this amount on Form 1040, line 40.Yes. Your deduction may be limited. See page A-10 for the amount to enter.30 If you elect to itemize deductions even though they are less than your standarddeduction, check hereCat. No. 11330XAttachmentSequence No. 07Your social security number4OMB No. 1545-0074915 20961920 1429272829005562 60Schedule A (Farm 1040) 200843

The IRS allows taxpayers to deduct medical expenses that exceed 8.2% (as given in the question,…

7.4-7.5 Form 1040 and Schedules A and B 1. The Manson family had an adjusted gross income of $90,623. They included medical deductions on Schedule A. They had $16,870 in medical expenses. Medical insurance covered 70% of these expenses. The IRS allows medical and dental expenses deductions for the amount that exceeds 8.2% of a taxpayer's adjusted gross income. How much can they claim as a medical deduction?