b wArthor has $2,900 and Cora has 53,600 wisthbcld from their paychecks, are the

Question

b wArthor has $2,900 and Cora has 53,600 wisthbcld from their paychecks, are they cncialed to a refund, or do they owe additional ase Rebecca and Irving incur the following medical espensics during che curment Hospital Doctors Dentist $4,500 950 1925 170 Chiropractor Cosmetic surgery Over-the-counter drugs Prescripcion deugs Crutches 1 450 195 105 They receive $4,000 in reim 300 is for the cosmetic surgery. What is their medical cxpome deduction i a Their adjusted gross income is $44,000 h Their adjusted gross income is $51,000 04 Lian is 66 years old and is injured in an automobile accident this year She is hapitalized for 4 weeks and misses 3 months of work afier getting out of the hos pal. The costs related to er accident are receive $4,000 in rcimbunements fron their insurance comspany of which $16,100 Hospitalization

Explanation / Answer

a) Their adjusted Gross income is $44,000

b)their Adjusted Gross income:

medical insurance premium 4500 hospital 950 doctors 1925 dentist 575 chiropeactor 220 prescription drugs 195 crutches 105 Total allowable medical expenses 8470 Less: insurance reimbursements 3700 (4000-300) unreimbursed expenses 4770 Less: AGI limitation($44,000*7.5%) 3300 Medical expense Deduction 1470

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