A person has $4,000 in medical expenses and an adjusted gross income of $32,000. If taxpayers are allowed to deduct the amount of medical expenses that exceed 7.5 percent of adjusted gross income, what would be the amount of the deduction in this situation?

Respuesta :

Answer:

$1600

Explanation:

32,000 x .075 = 2400, and since 4000 exceeds 2400 by $1600, $1600 will be deducted

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