Simpson, age 45, is a single individual who is employed full time by Duff Corporation....
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Accounting
Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI of $55,600 and has incurred the following medical expenses:
Dentist charges
$ 1,490
Physician charges
2,600
Optical charges
750
Cost of eyeglasses
435
Hospital charges
4,450
Prescription drugs
485
Over-the-counter drugs
815
Medical insurance premiums (not through an exchange)
1,085
b. Suppose that Simpson was reimbursed for $290 of the physician's charges and $3,550 for the hospital costs. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
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