3.4+0.62+0.3= how much
2 answers:
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Answer:
Meghan cannot claim any amount as a medical deduction.
Step-by-step explanation:
Given that:
Amount paid by Meghan for insurance = $9212
Meghan's medical expenses = $5700
Her medical insurance covers 80% of these expenses
Meghan's adjusted gross income = $65,432
Her medical expenses that are not covered under medical insurance is:
= $1140
Similarly, 7.5% of her gross income is;
= 65,432 × (7.5/100)
=$4907.4
Since $1140 < $4907.4
The amount of $1140 does not exceed $4907.4
Thus, Meghan cannot claim any amount as a medical deduction.