contestada

A UCF graduate has $110,000 of adjusted gross income and $11,500 of qualifying medical expenses. This individual's itemized deductions for medical expenses on Schedule A for 2019 (where the limitation is 10%) would be:

Respuesta :

imustapha180

Answer:$500

Explanation: Step by step explanation.

Adjusted gross income= $110,000

limitation = 10% =(10/100) = 0.10

Medical expenses = $11500

Adjusted gross income*limitations

(110,000 * 0.10) = $11,000

Therefore the individual's itemized deductions for medical expenses on Schedule A for 2019 would be

($11,500 - $11,000 )= $500

Otras preguntas