Mitzi's medical expenses include the following: Mitzi's AGI for the year is $33,000.She is single and age 49.None of the medical costs are reimbursed by insurance.After considering the AGI floor,Mitzi's medical expense deduction is
A)$12,900.
B)$13,850.
C)$14,675.
D)$16,325.

Question

Mitzi's medical expenses include the following:  Mitzi's AGI for the year is $33,000.She is single and age 49.None of the medical costs are reimbursed by insurance.After considering the AGI floor,Mitzi's medical expense deduction is
A)$12,900. 
B)$13,850. 
C)$14,675. 
D)$16,325.

Quizplus · Accepted Answer

Mitzi's medical expenses exceed the AGI floor of 7.5%, which for her income is $2,475 (7.5% of $33,000). This means that she can deduct any amount of medical expenses that exceeds $2,475. The total medical expenses listed add up to $16,325. Subtracting the AGI floor of $2,475 gives a deduction of $13,850. Therefore, choice B is the correct answer.

Mitzi's Medical Expenses Include the Following: Mitzi's AGI for the Year