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In 2019. Chelsea, a single taxpayer with no dependents, was severely hurt in a farm accident. Chelsea is 38 years old. The accident left Chelsea's legs 85% paralyzed. Click the icon to view additional information on expenses paid.) Chelsea has no other itemized deductions in either year. (Click the icon to view the standard deduction schedule) Read the requirements. Requirement a. What is Chelsea's taxable income for 2019? Begin by calculating the qualified medical expense deduction for 2019. (If an input field is not used in the table love the auf dia.omgdo not soleibol or enter a zato More Info Medical expenses Less Aher incurring $15,000 of medical expenses at the hospital, the doctor recommended that Chelsea install a pool at her home for therapy. The pool cost $28,000 to install and increased the value of her home by $24,000. She spent $950 maintaining the pool in 2019 and $1,080 in 2020. Chelsea also purchased a wheelchair on December 28, 2019, for $2.200, which she charged to her credit card. She paid her credit card bil on January 6, 2020. She also purchased a hospital bed for $4,700 but did not pay for the bed until 2020. Chelsea paid her physical therapist $3,800 for services performed in 2020. Chelsea paid $700 in medical insurance premiums on an alter-tax basis in both 2019 and 2020 In 2020, the insurance company rembursed Chelsea $9.500 for her hospital stay in 2019. Her AG for 2019 and 2020 is $40.000 and 546,000, respectively, not considering any of the above items Note: At the time the book was printed, the percentage of AGI was 10% for 2019. In Ded 2010, the rate changed to 7.5% 10% was used for this question Qualified medical expense deduction Choose from any ist or enter wy number in the input fields and then click Check Answer Print Dono 3 parts remaining Clear All In 2019. Chelsea, a single taxpayer with no dependents, was severely hurt in a farm accident. Chelsea is 38 years old. The accident left Chelsea's legs 85% paralyzed. Click the icon to view additional information on expenses paid.) Chelsea has no other itemized deductions in either year. (Click the icon to view the standard deduction schedule) Read the requirements. Requirement a. What is Chelsea's taxable income for 2019? Begin by calculating the qualified medical expense deduction for 2019. (If an input field is not used in the table love the auf dia.omgdo not soleibol or enter a zato More Info Medical expenses Less Aher incurring $15,000 of medical expenses at the hospital, the doctor recommended that Chelsea install a pool at her home for therapy. The pool cost $28,000 to install and increased the value of her home by $24,000. She spent $950 maintaining the pool in 2019 and $1,080 in 2020. Chelsea also purchased a wheelchair on December 28, 2019, for $2.200, which she charged to her credit card. She paid her credit card bil on January 6, 2020. She also purchased a hospital bed for $4,700 but did not pay for the bed until 2020. Chelsea paid her physical therapist $3,800 for services performed in 2020. Chelsea paid $700 in medical insurance premiums on an alter-tax basis in both 2019 and 2020 In 2020, the insurance company rembursed Chelsea $9.500 for her hospital stay in 2019. Her AG for 2019 and 2020 is $40.000 and 546,000, respectively, not considering any of the above items Note: At the time the book was printed, the percentage of AGI was 10% for 2019. In Ded 2010, the rate changed to 7.5% 10% was used for this question Qualified medical expense deduction Choose from any ist or enter wy number in the input fields and then click Check Answer Print Dono 3 parts remaining Clear All

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