Mr.and Mrs.Sanborn are retired and have had several medical problems this year.Their financial matters for 2008 are as follows: How much would the Sanborns' medical expenses contribute to their total itemized deductions?

Question

Mr.and Mrs.Sanborn are retired and have had several medical problems this year.Their financial matters for 2008 are as follows:  How much would the Sanborns' medical expenses contribute to their total itemized deductions?

Quizplus · Accepted Answer

The Sanborns' medical expenses of $16,125 exceed the 7.5% threshold for adjusted gross income, which is $14,625 (10% threshold for taxpayers under 65 is not applicable since they are retired). So, they can claim $16,125 - $14,625 = $1,500 as a medical expense deduction. This, along with their other itemized deductions, results in a total itemized deduction of $11,125 + $1,500 = $12,625. Therefore, the correct answer is choice D.

MrAnd MrsSanborn Are Retired and Have Had Several Medical Problems This