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    Medical Expenses Before Reimbursement

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    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.

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    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

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