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A person has $4,000 in medical expenses and an adjusted gross income of $32,000. If taxpayers are allowed to deduct the amount of medical expenses that exceed 7.5 percent of adjusted gross income, what
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A person has $4,000 in medical expenses and an adjusted gross income of $32,000. If taxpayers are allowed to deduct the amount of medical expenses that exceed 7.5 percent of adjusted gross income, what would be the amount of the deduction in this situation?

User Keith Nicholas
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1 Answer

2 votes

Answer:

$1600

Step-by-step explanation:

32,000 x .075 = 2400, and since 4000 exceeds 2400 by $1600, $1600 will be deducted

User GBD
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