anonymous
  • anonymous
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?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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triciaal
  • triciaal
what is 7.5% of 66000?
anonymous
  • anonymous
4950
triciaal
  • triciaal
what is the excess ? how much more expenses did she have? find the difference

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More answers

anonymous
  • anonymous
the difference between the medical expenses and her AGI?
triciaal
  • triciaal
deductible to the extent that they exceed 7.5% of a taxpayer's AGI,
anonymous
  • anonymous
... I don't quite understand.
triciaal
  • triciaal
|dw:1442863545651:dw|
anonymous
  • anonymous
so, yes, 4950?
triciaal
  • triciaal
|dw:1442863769112:dw|
anonymous
  • anonymous
Oh, I get it now! I didn't realize you had to subtract the 4950... Thank you!
triciaal
  • triciaal
wait maybe she can only claim the limit 4950 sorry
anonymous
  • anonymous
....oh, okay.

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