1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LenKa [72]
4 years ago
11

Isabella pays $500 each month in after tax dollars for health insurance premiums. She is not self-employed. During the current y

ear, she also incurred $200 in doctor bills and $50 in over-the-counter medications. Her AGI is $45,000. What amount will she be able to deduct as an itemized deduction after the AGI floor is applied?
Social Studies
1 answer:
Firdavs [7]4 years ago
7 0

Answer:

Explanation:

monthly health tax = $500

Total for the year = $500 × 12 = $6000

Doctor bills = $200

AGI = $45,000

Note: Taxpayers under the age of 65 are not able to deduct medical expenses until they exceed 10% Adjusted Gross Income(AGI), which is calculated as the difference between the Total Gross Income and some deductibles.

Isabella is 50, and can only deduct medical expenses when they exceed 10% of AGI.

TOTAL medical expenses = $6000 +$200 = $6200

10% of AGI = 45,000 × 0.1 = $4500

Therefore, Health expenses is more than 10% AGI.

Therefore, itemized deduction;

$6200 - $4500 = $1700

You might be interested in
What were the indirect and direct ways that Rome supported christianity
Andre45 [30]

Answer: Although it is often claimed that Christians were persecuted for their refusal to worship the emperor, general dislike for Christians likely arose from their refusal to worship the gods or take part in sacrifice, which was expected of those living in the Roman Empire.

Explanation: yw

5 0
3 years ago
Technology does not have an effect on the amount of a good a society can produce with its given resources. is the recipe for com
Agata [3.3K]

Answer: Technology is the recipe for combining land, labor, physical capital, and entrepreneurship to produce a good.

Explanation:

The different factors of production (land, labor, entrepreneurship, and capital) are the inputs required for the production of a good or service.

Technology is a term that has a rather wide meaning and can be applied to describe software, hardware, or a mixture of both employed to organize a manufacturing process. Either way, the technology available is the one that combines the land, the labor, the physical capital, and the entrepreneurship to produce a good.

8 0
4 years ago
How did the practice of dating develop in the US?
Ilia_Sergeevich [38]

Answer: It began when Ronald Regan invented it

Explanation:

7 0
2 years ago
According to the study cited by the u.s. census bureau, children who live with married parents grow up with more advantages than
Oksana_A [137]

I believe the correct answer is: than children who live with the single parent.

 

     According to the study cited by the United States Census Bureau, children who live with married parents grow up with more advantages than children who live with a single parent. The research shows that family structure has a great impact on the well-being of children. It is found that children living with both of their parents (biologically, married) consistently have better physical, emotional, and academic well-being than children who live with a single parent. The society also has a role in this, as the society shows more support to marriage.


4 0
3 years ago
Read 2 more answers
Political campaign is designed for Andrew Jackson including his education, military history, quotations from his speeches, his v
KatRina [158]

Answer:

The victory of Jackson indicated a westward movement of the centre of political power. He was also the first man to be elected president through a direct appeal to the mass of the voters rather than through the support of a recognized political organization

5 0
4 years ago
Other questions:
  • Mr. Maxwell, an English teacher, thinks all students who play sports are lazy in class. This week, one of the football players d
    15·2 answers
  • Are the great principles of political freedom and of natural justice, embodied in that Declaration of Independence, extended to
    15·1 answer
  • Using Baumrind’s classifications, Chinese parents have been often described as ____. However, for Chinese parents, the significa
    10·1 answer
  • Why do you think England passed the quartering act
    14·1 answer
  • Read the paragraph.
    6·1 answer
  • Who brought Islam to India? A. Turks from central Asia B. Mongols from eastern Asia C. Chola from southern India D. Persians fro
    13·1 answer
  • What are the Mexican indigenous peoples? Short response.
    14·1 answer
  • Which two words in the passage are academic words? largest. estimated. exceeds.
    11·1 answer
  • Help please quick! 10 pts!!!
    10·1 answer
  • The low-road pathway from the thalamus to the amygdala most directly contributes to ________ emotional responses.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!