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In 2008 Margaret John Murphy are married taxpayers who file ajoint tax return with AGI of $25,000. During the year they incurredthe following expenses:

Hospitalization insurance premiums

Premiums on a insurance policy that pays

$100 per day for each day Margaret ishospitalized

Medical care lodging (two people, one night)

Hospital bills

Doctor bills

Dentist bills

Prescription drugs and medicines

Psychiatric care

In addition, during March they drove 947 miles for medicaltransportation, and their insurance company reimbursed them $900for the above expenses. On the following segment of Schedule A ofform 1040, calculate the Murphy's medical expense deduction.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9797127

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