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lukranit [14]
3 years ago
7

Mandy is itemizing deductions on her federal income tax return and had $6200 in medical expenses last year. If her AGI was $66,0

00, and if medical expenses are deductible to the extent that they exceed 7.5% of a taxpayer's AGI, how much can Mandy deduct for medical expenses?
A. $4950
B. $465
C. $4485
D. $1250
Mathematics
2 answers:
alisha [4.7K]3 years ago
8 0
Multiply your total income by .075. Compare this number with the estimated total of your medical expenses. If you believe your total expenses were over 7.5% of your income, you qualify for the deduction.

.075*66,000= $4950

Subtract this number from the total of your payments calculated above. ($6200)

$6200-$4950= $1250

This is the amount you can deduct from your taxes.

($1250 is the answer)
melamori03 [73]3 years ago
4 0

Answer: is D: 1250

Step-by-step explanation:

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