Patrick and Leah are married and together have AGI of $100,000 in 2011.They have three dependents and file a joint return.They pay $3,000 for a high deductible health insurance policy and contribute $2,400 to a qualified Health Savings Account.During the year,they paid the following amounts for medical care: $8,200 in doctor and dentist bills and hospital expenses,and $2,500 for prescribed medicine and drugs.In December 2011,they received an insurance reimbursement of $3,400 for hospitalization.They expect to receive an additional reimbursement of $1,700 in January 2012.Determine the maximum deduction allowable for medical expenses in 2011.
A) $1,100.
B) $2,800.
C) $5,200.
D) $10,300.
E) None of the above.
Correct Answer:
Verified
Q31: Judy paid $40 for Girl Scout cookies
Q31: Letha incurred a $1,600 prepayment penalty to
Q37: Carolyn mailed a check for $1,000 to
Q38: In April 2011,Bart,a calendar year cash basis
Q42: In applying the percentage limitations, carryovers of
Q43: In 2011,Dorothy drove 500 miles to volunteer
Q45: The phaseout of certain itemized deductions has
Q49: During the year, Victor spent $300 on
Q51: Jerry pays $5,000 tuition to a parochial
Q55: Nancy had an accident while skiing on
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents