8) Joe Taxpayer has AGI of $100,000 in 2018 for the following a. He has doctor costs...

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8) Joe Taxpayer has AGI of $100,000 in 2018 for thefollowing
a. He has doctor costs of $10,000, hearing aid of $1,000, bayeraspirin of $500, braces of $3,000, and eyeglasses of $1000. What isis deductible medical?
b. He has state withholding of $10,000, property taxes of$5,000, DMV of $500. What is his deductible state taxes?
c. He purchased a home in 2018, and paid mortgage interest of$30,000. The loan on the home is $1,000,000. He also has creditcard debt interest of $1000. What is his deductible interest?
d. He has employee business expenses of $3,000, and taxpreparation fees of $500. His deductible miscellaneous expenseswould be?

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Q a Note For the Tax year beginning January 1 2019 tax payers of all ages can deduct only the total amount of unreimbursed medical care expenses for the year that exceeds 10 of the Adjusted Gross Income Qualified medical expenses that are deductible include 1 Preventative care 2 Surgeries 3 Dental Care 4 Vision Care 5 Visits to psychologists and psychiatrists 6 Prescription medications and appliances viz Glasses Contact lenses DenturesHearing Aids Braces Teeth fillingsProsthetic limbs 7 Expenses paid to travel for medical care eg car mileage and parking fees 8 Payment of fees to Doctors DentistsSurgeons Chiropractors and NonTraditional medical practitioners Expenses that are NonDeductible 1 See Answer

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8) Joe Taxpayer has AGI of $100,000 in 2018 for thefollowinga. He has doctor costs of $10,000, hearing aid of $1,000, bayeraspirin of $500, braces of $3,000, and eyeglasses of $1000. What isis deductible medical?b. He has state withholding of $10,000, property taxes of$5,000, DMV of $500. What is his deductible state taxes?c. He purchased a home in 2018, and paid mortgage interest of$30,000. The loan on the home is $1,000,000. He also has creditcard debt interest of $1000. What is his deductible interest?d. He has employee business expenses of $3,000, and taxpreparation fees of $500. His deductible miscellaneous expenseswould be?