During the current year, Mary paid the following expenses: ? $$\begin{array} { l l }
\text { Prescription drugs } & \$ 490 \
\text { Aspirin and over the counter cold capsules } & \$ 130 \
\text { Hospital and doctors } & \$ 700 \
\text { Life insurance } & \$ 260
\end{array}$$ What is the total amount of medical expenses (before considering the limitation based on adjusted gross income) that would enter into the calculation of itemized deductions on Mary's current year income tax return?
A)$700
B)$1,190
C)$1,450
D)$1,580
E)None of these is correct

Question

During the current year, Mary paid the following expenses: ? $$\begin{array} { l l } 
\text { Prescription drugs } & \$ 490 \
\text { Aspirin and over the counter cold capsules } & \$ 130 \
\text { Hospital and doctors } & \$ 700 \
\text { Life insurance } & \$ 260
\end{array}$$ What is the total amount of medical expenses (before considering the limitation based on adjusted gross income) that would enter into the calculation of itemized deductions on Mary's current year income tax return?
A)$700
B)$1,190
C)$1,450
D)$1,580
E)None of these is correct

Quizplus · Accepted Answer

The total amount of medical expenses that can be included in itemized deductions includes prescription drugs ($490) and hospital and doctors' expenses ($700), totaling $1,190. Aspirin and over-the-counter medications, along with life insurance premiums, are not deductible medical expenses for tax purposes.

During the Current Year, Mary Paid the Following Expenses What Is the Total Amount of Medical Expenses (Before Considering