Question

brad, who would otherwise qualify as faye's dependent, had gross income of $9,000 during the year. faye, who had agi of $120,000, paid the following medical expenses in 2022: cataract operation for brad $ 5,400 brad's prescribed contact lenses 1,800 faye's doctor and dentist bills 12,600 prescribed drugs for faye 2,550 total $22,350 faye has a medical expense deduction of:

Answer 1

Faye's medical expense deduction is $13,350.

Step-by-step explanation:

Faye's medical expense deduction is calculated based on her adjusted gross income (AGI). The deduction is subject to a threshold of 7.5% of her AGI. In this case, Faye's AGI is $120,000.

Therefore, 7.5% of $120,000 is $9,000. Since Faye's total medical expenses of $22,350 exceeds the threshold, she can deduct the amount that exceeds the threshold, which is $22,350 - $9,000 = $13,350.