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Simpson is a single individual who is employed full-time by Duff Corporation. This year Simpson reports AGI of $51,000 and has incurred the following medical expenses:

Dentist charges $ 900

Physician's charges 1,800

Optical charges 500

Cost of eyeglasses 300

Hospital charges 2,500

Prescription drugs 250

Over-the-counter drugs 450

Medical insurance premiums (not through an exchange) 775

Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92814479

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