Question

Taxpayers paid $7,000 in medical insurance premiums, and as a result of the husband's biking accident,...

  1. Taxpayers paid $7,000 in medical insurance premiums, and as a result of the husband's biking accident, they also paid $2,000 in doctor bills and prescription drugs that met the definition of "medical expenses" as described in Code Section 213.

Are these expenses deductible from Gross Income?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Hi

Let me know in case you face any issue:

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Mark miller, 72, paid the following medical expenses during 2019: Assuming his AGI was $60,000, how...
Mark miller, 72, paid the following medical expenses during 2019: Assuming his AGI was $60,000, how much of medical expenses may mark deduct on schedule A? Hospital and Doctor bills $1900 OTC Medication: $1400 Prescription Drugs: $730 Health Insurance Premiums $6200 Assuming his AGI was $60,000, how much of medical expenses may mark deduct on schedule A? a. $1770 b. $4330 c. $8830 *Please explain your answer, it be very helpful to me :) *
In 2019, Margaret and John Murphy (age 66 and 68, respectively) are married taxpayers who file...
In 2019, Margaret and John Murphy (age 66 and 68, respectively) are married taxpayers who file a joint tax return with AGl of $26,100. During the year they incurred the following expenses: Medical insurance premiums $1,300 Premiums on an insurance policy that pays $100 per    day for each day Margaret is hospitalized 400 Medical care lodging (two people, one night) 65 Hospital bills 2,100 Doctor bills 850 Dentist bills 200 Prescription drugs and medicines 340 Psychiatric care 350 In addition,...
Courtney purchased disability and accident insurance in 2019. In April of 2020, she broke her wrist...
Courtney purchased disability and accident insurance in 2019. In April of 2020, she broke her wrist in a mountain biking accident and could not work for two weeks. Courtney’s doctor bills totaled $2,000, of which $1,600 was reimbursed by her health insurance purchased by her employer. In addition, Courtney received $600 for lost wages due to the accident from a disability insurance policy in which she pays the premium. She also received $400 for lost wages due to the accident...
In 2019, Margaret and John Murphy (age 66 and 68, respectively) are married taxpayers who file...
In 2019, Margaret and John Murphy (age 66 and 68, respectively) are married taxpayers who file a joint tax return with AGl of $26,100. During the year they incurred the following expenses: Medical insurance premiums $1,300 Premiums on an insurance policy that pays $100 per day for each day Margaret is hospitalized 400 Medical care lodging (two people, one night) 65 Hospital bills 2,100 Doctor bills 850 Dentist bills 200 Prescription drugs and medicines 340 Psychiatric care 350 In addition,...
Aaron, age 45, had AGI of $70,000 for 2020. He was injured in a skiing accident...
Aaron, age 45, had AGI of $70,000 for 2020. He was injured in a skiing accident and paid $3,600 for hospital expenses and $2,400 for doctor bills. Aaron also incurred medical expenses of $1,200 for his child who lives with his former wife and is claimed as a dependent by her. In 2021, Aaron was reimbursed $1,300 by his insurance company for the medical expenses attributable to the skiing accident. For 2020, the standard deduction for single taxpayers is $12,200...
George and Susan are married , ages 33 and 32 , and together have AGI OF...
George and Susan are married , ages 33 and 32 , and together have AGI OF 100,000 in 2020. They file a return . employed . They paid $ 8,000 for a high deductible family health insurance policy . During the year they paid 200 doctor and prescription medicine , and $ 200 on nonprescription medicines . Susan was injured in an auto accident in 2020 spent and dentis bills , $ 5,000 was spent on cosmetic surgery due to...
Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2020. She...
Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2020. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from her former husband (divorced in 2016). Reba also rents out a small apartment building. This year Reba received $50,000 of rental payments from tenants and she incurred $19,500 of expenses associated with the rental. Reba and her daughter Heather (20 years old at the...
Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2019. She...
Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2019. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from her former husband (divorced in 2016). Reba also rents out a small apartment building. This year Reba received $50,000 of rental payments from tenants and she incurred $19,500 of expenses associated with the rental. Reba and her daughter Heather (20 years old at the...
Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2018. She...
Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2018. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from her former husband (divorced in 2016). Reba also rents out a small apartment building. This year Reba received $50,000 of rental payments from tenants and she incurred $19,500 of expenses associated with the rental. Reba and her daughter Heather (20 years old at the...
Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2018. She...
Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2018. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from her former husband (divorced in 2016). Reba also rents out a small apartment building. This year Reba received $50,000 of rental payments from tenants and she incurred $19,500 of expenses associated with the rental. Reba and her daughter Heather (20 years old at the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT