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

To calculate the medical expense deduction, we need to subtract 7.5% of Mitzi's AGI from her total medical expenses.

7.5% of $33,000 = $2,475

Total Medical Expenses = $21,325

Medical Expense Deduction = $21,325 - $2,475 = $13,850

Therefore, the answer is B) $13,850.

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