Melanie Bolar (62) will use the single filing status. Her adjusted gross income during the year was $35,000. This is the amount she entered on her Form 1040, line 11. She would like to itemize deductions when she files her 2021 federal Form 1040 if it will result in a more favorable tax outcome. To seek relief from a medical condition during the year, Melanie traveled to a clinic in another state. She incurred the following trip-related expenses: $90 for a room in a hotel near the clinic (one night). $85 for non-hospital meals while she was away from home. Mileage. Melanie drove her own vehicle, and the round-trip distance was 500 miles. Melanie is not eligible for employer-sponsored health insurance. In addition to the travel expenses, Melanie incurred the following non-trip related, out-of-pocket medical expenses: $2,200 net out-of-pocket for health insurance premiums (paid with after-tax dollars). $1,300 for prescriptions. $350 in co-pays to her doctor. $300 for new glasses. $600 for basic dental services, including x-rays and exams.     Melanie's partially completed Schedule A, Itemized Deductions, is shown below. What amount should she enter for the total of her medical and dental expenses?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Melanie Bolar (62) will use the single filing status. Her adjusted gross income during the year was $35,000. This is the amount she entered on her Form 1040, line 11. She would like to itemize deductions when she files her 2021 federal Form 1040 if it will result in a more favorable tax outcome.

To seek relief from a medical condition during the year, Melanie traveled to a clinic in another state. She incurred the following trip-related expenses:

  • $90 for a room in a hotel near the clinic (one night).
  • $85 for non-hospital meals while she was away from home.
  • Mileage. Melanie drove her own vehicle, and the round-trip distance was 500 miles.

Melanie is not eligible for employer-sponsored health insurance. In addition to the travel expenses, Melanie incurred the following non-trip related, out-of-pocket medical expenses:

  • $2,200 net out-of-pocket for health insurance premiums (paid with after-tax dollars).
  • $1,300 for prescriptions.
  • $350 in co-pays to her doctor.
  • $300 for new glasses.
  • $600 for basic dental services, including x-rays and exams.
 

 



Melanie's partially completed Schedule A, Itemized Deductions, is shown below. What amount should she enter for the total of her medical and dental expenses?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question

The answer is, $4,880, you forgot to add the mileage. 

Mileage is .16 X 500= $80 + $4,800= $4,880

Solution
Bartleby Expert
SEE SOLUTION
Follow-up Question

Melanie's partially completed Schedule A, Itemized Deductions, is shown below. Given the adjusted gross income limitation, what amount can she deduct for eligible medical and dental expenses?

Solution
Bartleby Expert
SEE SOLUTION
Knowledge Booster
Administration and Procedures
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education