1

Brad, adjusted gross income of $90,000 during the year. Brad paid the following medical expenses in...

Question

Brad, adjusted gross income of $90,000 during the year. Brad paid the following medical expenses in...

Brad, adjusted gross income of $90,000 during the year. Brad paid the following medical expenses in 2019, none of which were
Brad, adjusted gross income of $90,000 during the year. Brad paid the following medical expenses in 2019, none of which were reimbursed by his insurance: Cataract operation $5,400 Prescribed contact lenses 1,800 Doctor and dentist bills 12,600 Prescribed drugs 2.550 Total $22,350 Assuming Brad is age 45, he has a medical expense deduction of a. 53.150 b. $13,350 c. $15,600 d. 522,350 e. None of the above

Answers

Amount in $
Total Medical Expense          22,350
Less: 10% of Adjusted gross income 9000 ( 90,000 x 10% )
Allowable medical expense deduction          13,350
Correct answer is option b (i.e. $ 13,350 ).


Similar Solved Questions

1 answers
E The Future Worth in Year 10 x xle For The Cash Flow x G ion...
e The Future Worth in Year 10 x xle For The Cash Flow x G ion /connect.html er 2 homework Problem 02.030- Arithmetic change in cash flows sh flow gradient series equals $350 in year 1. $450 in year 2, and amounts increasing by $100 per year through year An arithmetic ca 11. At 1-11% per year, determ...
1 answers
A. On July 1, 2017, Lopez Company paid $3,200 for six months of insurance coverage. No...
a. On July 1, 2017, Lopez Company paid $3,200 for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December 31, 2017 b. Zim Company has a Supplies account balance of $9,000 on January 1, 2017. During 2017, it purchased $4,000 of supplies...
1 answers
Tendai has AGI of $70,000 and has made the following payments: State income tax withholding 4,200,...
Tendai has AGI of $70,000 and has made the following payments: State income tax withholding 4,200, State sales tax paid 6,100, Federal income tax withholding 8,000, Social security tax withheld from wages 5,600, State gift tax 6,000, Town real estate tax 9,000, Excise tax on personal realty 1,000. C...
1 answers
On Jan 1, 2015, Sun Company issued a $6,000,000, 8% (payable semiannually), 5 year, bond when...
On Jan 1, 2015, Sun Company issued a $6,000,000, 8% (payable semiannually), 5 year, bond when the market rate was 6%. Requirements: a. For how much the bond was issued on Jan 1, 2015? Show your calculation. b. Fill in the following 2015 – 2020 amortization table (the Sun). Date Cash ...
1 answers
::: Apps陋Information Technol 넌, MyUB Home Page "b UB Student Respons Homework 7: Chapter 9 Problem...
::: Apps陋Information Technol 넌, MyUB Home Page "b UB Student Respons Homework 7: Chapter 9 Problem 9.19 To make a bounce pass, a player throws a 0.60-kg basketball toward the floor The ball hits the floor with a speed of 5.5 m/s at an angle of 66 to the vertical...
1 answers
According to A. de Grey we cannot predict when humans would start to live over 200...
According to A. de Grey we cannot predict when humans would start to live over 200 hundred years of age. However, we can say with scientific certainty that the person who will live over 300 hundred years of age is only a few years (10 or 20 years) younger than the first 200 years old. Can you explai...
1 answers
Units-of-activity depreciation 2. BE 09-02 3. BE.09-03 4. DE.09.09 A truck acquired at a cost of...
Units-of-activity depreciation 2. BE 09-02 3. BE.09-03 4. DE.09.09 A truck acquired at a cost of $69,000 has an estimated residual value of $12,000, has an estimated useful life of 300,000 miles, and was driven 77,000 miles during the year. Determine the following. If required, round your answer for...
1 answers
Faxde Nood.a Name yune 2e, 209 : Date: Pre-lab Assignment: Anelysis of Group I1 Cations (Sn,...
Faxde Nood.a Name yune 2e, 209 : Date: Pre-lab Assignment: Anelysis of Group I1 Cations (Sn, Cd, Cu, B) Ate: The completed flow chart and the answers to the questions must be handed in to your lab instructor at the beginning of next week's lab period 1 (20 pts) Complete the flow chart below (not...
1 answers
On June 30, 2021, Georgia Atlantic, Inc. leased warehouse equipment from Builders, Inc. The lease agreement...
On June 30, 2021, Georgia Atlantic, Inc. leased warehouse equipment from Builders, Inc. The lease agreement calls for Georgia Atlantic to make semiannual lease payments of $736,771 over a 4-year lease term (also the asset's useful life), payable each June 30 and December 31, with the first payme...
1 answers
Homework: Chapter 16 Warmup Save Score: 0 of 10 pts 8 of 11 (4 complete) HW...
Homework: Chapter 16 Warmup Save Score: 0 of 10 pts 8 of 11 (4 complete) HW Score: 29.17%, 32.08 of 11... BE16-12 (similar to) Question Help On January 1, Scrushy acquired a 25% interest in the common shares of Fedder Entertainment at a cost of $4,299,000. During the year, Fedder reported a net loss...
1 answers
15 k2 10 mA $ 10k:2 30 V 1. Obtain the Thévenin equivalent circuit: VTH and...
15 k2 10 mA $ 10k:2 30 V 1. Obtain the Thévenin equivalent circuit: VTH and RTH as seen by terminals a-b. 2. Determine the load resistance that can be placed at terminals a-b for maximum power. 3. Determine the maximum power, Pmax...
1 answers
Give the product of this reaction. 0 1ly
give the product of this reaction. 0 1ly...
1 answers
Carbon and silicon crossword puzzle Across 2. Silicon can be classified as this while carbon can...
carbon and silicon crossword puzzle Across 2. Silicon can be classified as this while carbon can not. 3. Grandma heads backwards to an off campus bookstore for thisecarbon structure. 7. reaction of silicon tetrachloride with a hydridic reagent produces 10. Silicon is commonly found in this. 11. T...
1 answers
A hot piece of aluminum weighing 50.0 grams at 350°C is dropped into 500. grams of...
A hot piece of aluminum weighing 50.0 grams at 350°C is dropped into 500. grams of water at 22.0°C. What is the final temperature of the water? The specific heat of aluminum is 0.902 J/g°C and that of water is 4.184 J/g°C....
1 answers
Fizer Pharmaceutical paid $78 million on January 2, 2021, for 6 million shares of Carne Cosmetics...
Fizer Pharmaceutical paid $78 million on January 2, 2021, for 6 million shares of Carne Cosmetics common stock. The investment represents a 25% interest in the net assets of Carne and gave Fizer the ability to exercise significant influence over Carne’s operations. Fizer received dividends of ...

-- 0.044289--