Bryan and Beth, a married couple (both under 65) who file a joint tax return...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Bryan and Beth, a married couple (both under 65) who file a joint tax return and have adjusted gross income of $50,000, incurred the following expenses for themselves and their three dependent children for medical and dental services during the year: 1. Cost of routine dental services, $300. 2. Prescription drugs, $1,000. 3. Nonprescription medications and vitamins, $200. 4. Annual fee for family health club, $500. 5. Contact lenses, $200. 6. Medical insurance premiums paid by Bryan, $2,400. 7. Doctor and hospital costs not compensated for by insurance, $1,500. 8. Shaun Ts workout videos, $100. 9. Organically grown fruits and vegetables from the local health food store, $200 What is the net medical expense deduction that Bryan and Beth may claim on their current years tax return?
answer is 1,650 but im struggling to get it
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
