18 Dec 3. Tax Problem:Simpson is a single individual who
3. Tax Problem:Simpson is a single individual who is employed full-time by Duff Corporation. The year Simpson reports AGI of $50,000 and has incurred the following medical expenses:Dentist charges $ 900 Physician’s charges 1,800 Optical charges 500 Cost of eyeglasses 300 Hospital charges 2,100 Prescription drugs 250 Over-the-counter drugs 450 Medical insurance premiums 775Calculate the amount of medical expenses that will be included with Simpson’s itemized deductions after any applicable limitations. Use the 2013 tax year information for reference.
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