ACC 4301 ACC4301 Chapter 10 Homework Problem Solutions (University of Houston)

ACC 4301 ACC4301 Chapter 10 Homework Problem Solutions (University of Houston)

soffix

  • $14.99


ACC 4301 Chapter 10 Homework Problem Solutions (University of Houston)

24.TAX FILE MEMORANDUM

February 26, 2015

FROM:Sam Massey

SUBJECT:Emma Doyle’s medical expense deduction

Emma Doyle’s medical expense deduction is $6,450, determined as follows:

Medical insurance premiums$  3,700

Doctor and dentist bills for Bob and April6,800

Doctor and dentist bills for Emma5,200

Prescription medicines for Emma 400

Nonprescription insulin for Emma      350 

Total medical expenses$16,450

Less: 10% of $100,000 (AGI)(10,000)

Deductible portion of medial expenses$  6,450 

Although Bob and April cannot be claimed as Emma’s dependents, they could have been had they not filed a joint return. Therefore, medical expense.

etc..


We Also Recommend


Sale

Unavailable

Sold Out