Business : asked on yeehaw777
 08.07.2020

How can I determine Schedule A. Medical and dental expenses?
Thank you so much

. 4

Faq

Business
Step-by-step answer
P Answered by Specialist

To determine whether she should use schedule A or standard deduction, we should add qualifying itemized deductions and should compare total standard deduction .

Therefore, Total itemized deductions = Donations + Medical and dental expenses + State income + Job expenses

Substitution of given values

Total itemized deductions = $1,200 + $6,180 + $2,660 + $4,820

Total itemized deductions = $14,860

Conclusion: in this case total itemized deduction of $14,860 is more than standard deduction of $12000 . So, Lola Harper should use schedule A compared to standard deduction.

Business
Step-by-step answer
P Answered by Master

To determine whether she should use schedule A or standard deduction, we should add qualifying itemized deductions and should compare total standard deduction .

Therefore, Total itemized deductions = Donations + Medical and dental expenses + State income + Job expenses

Substitution of given values

Total itemized deductions = $1,200 + $6,180 + $2,660 + $4,820

Total itemized deductions = $14,860

Conclusion: in this case total itemized deduction of $14,860 is more than standard deduction of $12000 . So, Lola Harper should use schedule A compared to standard deduction.

Business
Step-by-step answer
P Answered by PhD

Glenn can deduct US$ 1,672 on Schedule A

Explanation:

Let's recall that for 2019, medical and dental costs are deductible only after they exceed 7.5% of Glenn's Adjusted Gross Income (AGI).

So, in this case Glenn's AGI is US$ 34,000, therefore the first US$ 2,550 (US$34,000 x 0.075) of non reimbursed medical expenses doesn't count.

Now Glenn has:

Deductible expenses = Total expenses - (AGI * 0.075)

Replacing with the real values:

Deductible expenses = 4,222 - 2,550 = 1,672

Glenn can deduct US$ 1,672 on Schedule A

Business
Step-by-step answer
P Answered by PhD

He can only deduct $822.

Explanation:

According to Income Tax Guide Line, amount deductible is $4222- (10%*34000). That us $822

Business
Step-by-step answer
P Answered by PhD

Glenn can deduct US$ 1,672 on Schedule A

Explanation:

Let's recall that for 2019, medical and dental costs are deductible only after they exceed 7.5% of Glenn's Adjusted Gross Income (AGI).

So, in this case Glenn's AGI is US$ 34,000, therefore the first US$ 2,550 (US$34,000 x 0.075) of non reimbursed medical expenses doesn't count.

Now Glenn has:

Deductible expenses = Total expenses - (AGI * 0.075)

Replacing with the real values:

Deductible expenses = 4,222 - 2,550 = 1,672

Glenn can deduct US$ 1,672 on Schedule A

Health
Step-by-step answer
P Answered by PhD

The correct answer is 4. "Dental surgery can safely be done usually 10 days after stopping the aspirin, depending on the health care provider's (HCP) preference."

Explanation:

Aspirin is a common medicine used to treat multiple conditions including pain and inflammation, also, it is common this is used to prevent certain heart diseases and heart attacks. Despite this, as an adverse effect aspirin might lead to excessive bleeding especially after operations which can last up to 10 days. This means, aspirin should be avoided at least 10 days before surgery, according to this, the most appropriate statement, in this case, is "Dental surgery can safely be done usually 10 days after stopping the aspirin, depending on the health care provider's (HCP) preference" as this is the only statement that considers the risk of excessive bleeding aspirin can cause.

Health
Step-by-step answer
P Answered by PhD

The correct answer is 4. "Dental surgery can safely be done usually 10 days after stopping the aspirin, depending on the health care provider's (HCP) preference."

Explanation:

Aspirin is a common medicine used to treat multiple conditions including pain and inflammation, also, it is common this is used to prevent certain heart diseases and heart attacks. Despite this, as an adverse effect aspirin might lead to excessive bleeding especially after operations which can last up to 10 days. This means, aspirin should be avoided at least 10 days before surgery, according to this, the most appropriate statement, in this case, is "Dental surgery can safely be done usually 10 days after stopping the aspirin, depending on the health care provider's (HCP) preference" as this is the only statement that considers the risk of excessive bleeding aspirin can cause.

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