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Medical Expenses Before Reimbursement

Caleb's medical expenses before reimbursement for the year include the following:

Medical premiums $11,000
Doctors, hospitals 3,500
Prescriptions 600

Caleb's AGI for the year is $50,000. Caleb also receives a reimbursement for medical expenses of $1,000. Caleb's deductible medical expenses that will be added to the other itemized deduction will be:

A. $9,100
B. $10,100.
C. $14,500.
D. $15,100.

Solution Preview

Medical expenses total 11,000 + 3,500 + 600 = 15,100 - 1,000 reimbursement = 14,100.

The answer depends on how far you're taking this ...

Solution Summary

This solution calculates Caleb's deductible medical expenses that will be added to the other itemized deductions.

$2.19