Reggie, who is 55, had AGI of $36,400 in 2020. During the year, he paid the following medical expenses: Drugs (prescribed by physicians) Marijuana (prescribed by physicians) Health insurance premiums-after taxes Doctors' fees $ 585 1,485 1,300 1,335 460 Eyeglasses Over-the-counter drugs 285 Pequired: Reggie received $585 in 2020 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction dical expense deduction

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Reggie, who is 55, had AGI of $36,400 in 2020. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors fees
Eyeglasses
Over-the-counter drugs
$585
1,485
1,300
1,335
460
285
Required:
Reggie recelved $585 in 2020 for a portion of the doctors" fees from his insurance. What is Reggie's medical expense deduction
cal expense deduction
%24
Transcribed Image Text:Reggie, who is 55, had AGI of $36,400 in 2020. During the year, he paid the following medical expenses: Drugs (prescribed by physicians) Marijuana (prescribed by physicians) Health insurance premiums-after taxes Doctors fees Eyeglasses Over-the-counter drugs $585 1,485 1,300 1,335 460 285 Required: Reggie recelved $585 in 2020 for a portion of the doctors" fees from his insurance. What is Reggie's medical expense deduction cal expense deduction %24
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