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Misti Purchased a Residence This Year Misti Files as a Head of Household and Claims Two

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Misti purchased a residence this year. Misti is a single parent and lives with her 1-year old daughter. This year, Misti received a salary of $63,000 and made the following payments:  Emergency room and doctor visits $3,760 Prescription medication 500 Physical therapy 600 Total qualifying medical expenses $4,860 Less insurance reimbursement 1,200 Qualifying medical expenses from the accident $3,650\begin{array} { | l | r | } \hline \text { Emergency room and doctor visits } & \$ 3,760 \\\hline \text { Prescription medication } & 500 \\\hline \text { Physical therapy } & \underline { 600 } \\\hline \text { Total qualifying medical expenses } & \$ 4,860 \\\hline \text { Less insurance reimbursement } & \underline { - 1,200 } \\\hline \text { Qualifying medical expenses from the accident } & \$ 3,650 \\\hline\end{array} Misti files as a head of household and claims two exemptions. Calculate her taxable income this year.

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$45,600 = $63,000 - $9,300 - ($4,050 × 2...

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