Required information
Problem 6-38 (LO 6-2) (Algo)
[The following information applies to the questions displayed below.]
Simpson, age 45, is a single individual who is employed full time by Duff Corporation. This year Simpson reports AGI
of $55,600 and has incurred the following medical expenses:
Dentist charges
$ 1,490
Physician charges
2,600
Optical charges
750
Cost of eyeglasses
435
Hospital charges
4,450
Prescription drugs
485
Over-the-counter drugs (not insulin)
815
Medical insurance premiums (not through an exchange)
1,085
Problem 6-38 Part-a (Algo)
a. Calculate the amount of medical expenses that will be included with Simpson's itemized deductions after any applicable limitations.
Medical expenses
$ 7,725