During the current year,Mary paid the following expenses: 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?

Question

Quizplus · Accepted Answer

Only medical expenses that exceed 7.5% of adjusted gross income (AGI) are deductible on the current year income tax return. 
Total medical expenses paid by Mary = $1,500 + $200 + $490 + $300 = $2,490 
Mary's AGI is not provided in the question. Therefore, we cannot determine if the total medical expenses before the limitation based on AGI exceeds the 7.5% threshold. However, we can calculate the total amount of medical expenses paid by Mary, which is $2,490. 
Based on the choices given, the closest amount to $2,490 is $1,190 (choice B).

During the Current Year,Mary Paid the Following Expenses: What Is