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3 years ago

. Archie can claim total deductible medical expenses that exceed 7.5% of his adjusted gross income. a. True b. False

Business

1 answer:

Thepotemich [5.8K]3 years ago

3 0

The correct answer is; False, as of 2020.

Further Explanation:

In the previous tax years, 2017-2018, this statement would of been correct. Archie could of claimed his total deductible medical expenses that exceeded 7.5% of his AGI. However, the laws changed for 2019 and this is no longer the correct way to claim medical expenses.

For the 2019 taxes, a person can only deduct any expenses that amount to over 10% of the total AGI per person. The deduction can be figured by taking your AGI and multiplying this total by 10%. The deductions will also have to be itemized before claiming.

Learn more about medical deductibles at brainly.com/question/1845375

#LearnwithBrainly

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Answer:

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The computation is as seen below

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Answer:

Following are the solution to this question:

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Please find the complete question in the attachment file.

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