Sab's 2020 medical expenses include thefollowing: Medical premiums $12,000 Doctorsfees 1,800 Hospital fees 1,250 Prescriptiondrugs 750 Facelift for cosmetic purposes7,500 General purpose vitamins 125 Saba'sAGI for the year is $45,000. She is single andage 58. None of the medical costs arereimbursed by insurance. After consideringthe AGI floor, Saba's medical expensededuction is A) $12,425. B) $12,550. C)$14,675. D) $20,050

Deduction for medical expenses is allowed over and above 7. 5% of AGI for 2020. Deductible expense…

ab's 2020 medical expenses include the ollowing: Medical premiums $12,000 Doctors ees 1,800 Hospital fees 1,250 Prescription Irugs 750 Facelift for cosmetic purposes 500 General purpose vitamins 125 Saba's GI for the year is $45,000. She is single and ge 58. None of the medical costs are eimbursed by insurance. After considering ne AGI floor, Saba's medical expense leduction is A) $12,425. B) $12,550. C) 14,675. D) $20,050

ab's 2020 medical expenses include the ollowing: Medical premiums $12,000 Doctors ees 1,800 Hospital fees 1,250 Prescription Irugs 750 Facelift for cosmetic purposes 500 General purpose vitamins 125 Saba's GI for the year is $45,000. She is single and ge 58. None of the medical costs are eimbursed by insurance. After considering ne AGI floor, Saba's medical expense leduction is A) $12,425. B) $12,550. C) 14,675. D) $20,050

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter10: Deductions And Losses: Certain Itemized Deductions

Section: Chapter Questions

Problem 1BCRQ

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