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garri49 [273]
3 years ago
15

Roland had 10,500 in medical expenses last year and has no medical insurance. The IRS allows medical expense deductions for the

amount that exceeds7.5% of a taxpayers adjusted gross income. If Roland’s adjusted gross income is 31,000. How much can he claim as a medical deduction?
Mathematics
1 answer:
galina1969 [7]3 years ago
3 0
The answer in this question is $8,175 the solution to get the answer is;
7.5% X $31,000 = $2,325 
The amount that exceeds the 7.5% threshold is $10,500 - $2,325 = $8,175

.075 times the income to figure out how much IS NOT deductible. Everything above that amount is deductible.
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