Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $73,400 and has incurred the following medical expenses:       Dentist charges $ 1,650 Physician charges   2,300 Optical charges   710 Cost of eyeglasses   400 Hospital charges   2,400 Prescription drugs   430 Over-the-counter drugs   740 Medical insurance premiums (not through an exchange)   1,025   Suppose that Simpson was reimbursed for $250 of the physician's charges and $1,200 for the hospital costs. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations. Q: How much is Medical expenses

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $73,400 and has incurred the following medical expenses:

     
Dentist charges $ 1,650
Physician charges   2,300
Optical charges   710
Cost of eyeglasses   400
Hospital charges   2,400
Prescription drugs   430
Over-the-counter drugs   740
Medical insurance premiums (not through an exchange)   1,025
 

Suppose that Simpson was reimbursed for $250 of the physician's charges and $1,200 for the hospital costs. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.

Q: How much is Medical expenses

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