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Author Question: Mr. and Mrs. Gere, who are filing a joint return, have adjusted gross income of $50,000. During the ... (Read 22 times)

kamilo84

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Question 1

Mitzi's medical expenses include the following:



Mitzi's AGI for the year is $33,000. She is single and age 49.  None of the medical costs are reimbursed by insurance. After considering the AGI floor, Mitzi's medical expense deduction is
◦ $12,900.
◦ $13,850.
◦ $14,675.
◦ $16,325.

Question 2

Mr. and Mrs. Gere, who are filing a joint return, have adjusted gross income of $50,000. During the tax year, they paid the following medical expenses for themselves and for Mrs. Gere's mother, Mrs. Williams. The Gere's could claim Mrs. Williams as their dependent, but she has too much gross income.



Mr. and Mrs. Gere (both age 40) received no reimbursement for the above expenditures. What is the amount of their deductible itemized medical expenses?
◦ $5,200
◦ $8,300
◦ $4,300
◦ $13,300


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Marked as best answer by kamilo84 on Sep 13, 2020

peilian

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kamilo84

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)


miss.ashley

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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