Richard,age 50,is employed as an actuary.For calendar year 2013,he had AGI of $130,000 and paid the following medical expenses: Derrick and Jane would qualify as Richard's dependents except that they file a joint return.Richard's medical insurance policy does not cover them.Richard filed a claim for $4,800 of his own expenses with his insurance company in November 2013 and received the reimbursement in January 2014.What is Richard's maximum allowable medical expense deduction for 2013?
A)$0.
B)$7,090.
C)$13,000.
D)$20,090.
E)None of the above.

Question

Richard,age 50,is employed as an actuary.For calendar year 2013,he had AGI of $130,000 and paid the following medical expenses:  Derrick and Jane would qualify as Richard's dependents except that they file a joint return.Richard's medical insurance policy does not cover them.Richard filed a claim for $4,800 of his own expenses with his insurance company in November 2013 and received the reimbursement in January 2014.What is Richard's maximum allowable medical expense deduction for 2013?
A)$0. 
B)$7,090. 
C)$13,000. 
D)$20,090. 
E)None of the above.

Quizplus · Accepted Answer

The Answer of Richard,age 50,is employed as an actuary.For calendar year 2013,he had AGI of $130,000 and paid the following medical expenses:  Derrick and Jane would qualify as Richard's dependents except that they file a joint return.Richard's medical insurance policy does not cover them.Richard filed a claim for $4,800 of his own expenses with his insurance company in November 2013 and received the reimbursement in January 2014.What is Richard's maximum allowable medical expense deduction for 2013?
A)$0. 
B)$7,090. 
C)$13,000. 
D)$20,090. 
E)None of the above.

Richard,age 50,is Employed as an Actuary