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Randal Snyder is 55 years old, and has adjusted gross income of $40,000. He has medical...

Randal Snyder is 55 years old, and has adjusted gross income of $40,000. He has medical expenses for the year ending 2018 of $7,000. How much of these expenses can he include as an itemized deduction?

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Expert Solution

Ans $ 4000

Allowance = Gross Income * 0.075

               = 40000 * 0.075

                = 3000

Deduction = 7000 - 3000

                = $ 4000

jeff jeffy answered 2 years ago
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