Randal Ice is 57 years old, and has adjusted gross income of $32,000. He has medical expenses for the year of $6,000. How much of these expenses can he deduct from adjusted gross income?

Question

Quizplus · Accepted Answer

Medical expenses are deductible only to the extent that they exceed 7.5% of adjusted gross income. 7.5% of $32,000 is $2,400. Therefore, $6,000 - $2,400 = $3,600 is deductible.

Randal Ice Is 57 Years Old, and Has Adjusted Gross