00:01
Okay, we need to calculate how much, let me look up her name real quick, how much chiarra, i haven't heard that name before, had the pay and then how much the irs is willing to cover.
00:12
And so the irs is willing to cover up to 7 .5 % of the adjusted gross income.
00:16
So this adjusted gross income, if we multiply it by 0 .075%, which of course is 7 .5 % as a decimal, we're going to see what that amount is.
00:28
It turns out to be $2 ,657 .40.
00:36
So immediately we might say, hey, her medical expenses exceeds this amount.
00:39
The irs is going to have something to be covered here.
00:43
But we have to remember that her insurance covers 80%.
00:47
And that means that she is only going to cover 20%...