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anonymous

  • one year ago

Mandy is itemizing deductions on her federal income tax return and had $6200 in medical expenses last year. If her AGI was $66,000, and if medical expenses are deductible to the extent that they exceed 7.5% of a taxpayer's AGI, how much can Mandy deduct for medical expenses?

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  1. triciaal
    • one year ago
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    what is 7.5% of 66000?

  2. anonymous
    • one year ago
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    4950

  3. triciaal
    • one year ago
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    what is the excess ? how much more expenses did she have? find the difference

  4. anonymous
    • one year ago
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    the difference between the medical expenses and her AGI?

  5. triciaal
    • one year ago
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    deductible to the extent that they exceed 7.5% of a taxpayer's AGI,

  6. anonymous
    • one year ago
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    ... I don't quite understand.

  7. triciaal
    • one year ago
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    |dw:1442863545651:dw|

  8. anonymous
    • one year ago
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    so, yes, 4950?

  9. triciaal
    • one year ago
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    |dw:1442863769112:dw|

  10. anonymous
    • one year ago
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    Oh, I get it now! I didn't realize you had to subtract the 4950... Thank you!

  11. triciaal
    • one year ago
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    wait maybe she can only claim the limit 4950 sorry

  12. anonymous
    • one year ago
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    ....oh, okay.

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