A person has $3,000 in medical expenses and an adjusted gross income of $34,000.

Question

A person has $3,000 in medical expenses and an adjusted gross income of $34,000. If taxpayers are allowed to deduct the amount of medical expenses that exceed 7.5% of adjusted gross income, what would be the amount of the deduction in this situation?       $225
      $450
      $2,550
      $3,000
      $34,000 A person has $3,000 in medical expenses and an adjusted gross income of $34,000. If taxpayers are allowed to deduct the amount of medical expenses that exceed 7.5% of adjusted gross income, what would be the amount of the deduction in this situation?

Explanation / Answer

$2,550

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