Marie D.

asked • 4d

She could deduct the amount over how many dollar?

Medical expenses that exceed 7.5% of a person's income may be used as a tax deduction. If Stephanie made $58,000 last year, after what amount of medical expenses would she be able to use the remaining expenses as a tax deduction?


She could deduct the amount over $

1 Expert Answer

By:

David W.

tutor
"Medical expenses" ... "amount of medical expenses" ... "remaining expenses" ...so:... "After $4830 of medical expenses she would be able to use the remaining expenses as a tax deduction."
Report

3d

David W.

tutor
Income vs. expenses: ... You wrote "expenses which exceed $62,350" ...This is INCOME; Expenses did not exceed $62,350."
Report

3d

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.