subject
Business, 05.10.2021 03:40 gpere6722

Reggie who is 55, had adjusted gross income of $32,000 in 2020. During the year, he paid for the following medical expenses: Drugs ( prescribed by physicians) $500
Marijuana ( prescribed by physicians) $1,400
Health insurance premiums -after taxes $850
Doctors' fees $1,250
Eyeglasses $ 375
Over the counter drugs $200
Reggie received $500 in 2020 for a portion of the doctors' fees from his insurance. What is Reggies medical expense deduction?
How would you set this problem up? What is deductible in the year of 2020.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 20:50
Suppose the price of frozen yogurt, a substitute for ice cream, increases. what happens to equilibrium price and quantity of ice cream? a. the price and quantity of ice cream both increase b. the price and quantity of ice cream both decrease c. the price of ice cream increases and the quantity decreases d. the price of ice cream decreases and the quantity increases
Answers: 3
question
Business, 22.06.2019 11:00
You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)
Answers: 3
question
Business, 22.06.2019 19:10
Robin hood has hired you as his new strategic consultant to him successfully transform his social change enterprise. robin has told you that he counting on your strategic management knowledge to him and his merrymen achieve their goals. discuss in detail what you think should be robin’s two primary strategic goals and continue by also explaining your analytical reasons that support your recommendations.
Answers: 3
question
Business, 23.06.2019 04:00
Which of the following should be considered last when searching for financing
Answers: 2
You know the right answer?
Reggie who is 55, had adjusted gross income of $32,000 in 2020. During the year, he paid for the fol...
Questions
question
Geography, 03.08.2019 05:40
question
Mathematics, 03.08.2019 05:40
question
Biology, 03.08.2019 05:40
question
Health, 03.08.2019 05:40
Questions on the website: 13722367