Question

You discovered you can deduct medical expenses over 6% of your income. Your income is $42,000 and you had medical expenses of $567. What portion of your medical expenses can you deduct

Answer 1

No portion of your medical expenses you can deduct

Step-by-step explanation:

You discovered you can deduct medical expenses over 6% of

your income

Your income is $42,000

You had medical expenses of $567

We need to find the portion of your medical expenses you can deduct

∵ Your income = $42,000

∵ You can deduct medical expenses over 6% of your income

- Find the 6% for your income

∵ 6% of the income = $\frac{6}{100}$ × 42,000 = $2520

∴ 6% of your income is $2520

∵ You can deduct medical expenses over 6% of your income

∴ If your medical expenses greater than $2520, then you can

   deduct the value greater than it, but if your medical expenses

   smaller than $2520, then you can not deduct any value

∵ You had medical expenses of $567

∵ $567 < $2520

∴ There is no value you can deduct from your medical expenses

No portion of your medical expenses you can deduct

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