Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / In 2019, Maria who is 66, had adjusted gross income of $27,000, paid the following medical expenses: Prescription medicines$875 Dentist and doctor expenses 1,350 Health insurance premiums 700 Two pair of eyeglasses185 What amount can Maria deduct as medical expenses (after the adjusted gross income limitation) in calculating her itemized deductions for 2019? $1,085

In 2019, Maria who is 66, had adjusted gross income of $27,000, paid the following medical expenses: Prescription medicines$875 Dentist and doctor expenses 1,350 Health insurance premiums 700 Two pair of eyeglasses185 What amount can Maria deduct as medical expenses (after the adjusted gross income limitation) in calculating her itemized deductions for 2019? $1,085

Accounting

In 2019, Maria who is 66, had adjusted gross income of $27,000, paid the following medical expenses:

Prescription medicines$875

Dentist and doctor expenses 1,350

Health insurance premiums 700

Two pair of eyeglasses185

What amount can Maria deduct as medical expenses (after the adjusted gross income limitation) in calculating her itemized deductions for 2019?

$1,085.

$3,110.

$0.

$2,700.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

Medical dues limit is 7.5% of Adjusted Gross Income (AGI).

So,

Medical dues limit = $27,000*7.5% = $2,025

Medical Expenses = $875+$1,350+$700+$185 = $3,110

 

Hence,

 Maria deduct as medical expenses (after the adjusted gross income limitation) in calculating her itemized deductions for 2019 = $3,110-$2,025 = $1,085

 

So, the correct option is 1st "$1,085".

Related Questions