00:02
Hi, here in this question we are given that agi of shimshund is $62 ,000 and we are also given the chart of its expenses throughout an eo.
00:23
First of all, we will look at the chart which is now here in this chart we can observe that there are various charges of dentals physician optical cost of eyeglasses, hospital charges, prescription of drugs over the counter drugs, medical insurance premiums.
00:46
Now here we need to calculate total expanse.
00:55
First of all, here total expenses is nothing but this total sum.
01:02
This is equal to $10 ,042.
01:05
Now we need to calculate shimshan's itemized reduction without any limitation.
01:24
Here for this we will calculate as $10 ,042 minus 7 .5 percentage of its agi.
01:38
Here on further simplification we have 10 ,042 as it is mined, is 0 .075 times 62 ,000.
01:55
Simplifying this here we have 5 ,392 dollars.
02:02
Thus we got our first answer as shimshunds itemized deduction is equal to 5392 dollars.
02:23
Now moving to the second case here in second case we are given that out of its total charge he can clean for reimbursement of $250 which is physician charge and $1 ,200 which is hospital charge...