Frank and Sally, aged 46, are married and together have AGI of $74,000 in 2016.

Question

Frank and Sally, aged 46, are married and together have AGI of $74,000 in 2016. They have four dependents and file a joint return. They pay $4,100 for a high deductible health insurance policy and contribute $3,600 to a qualified Health Savings Account. During the year, they paid the following amounts for medical care: $8,200 in doctor and dentist bills and hospital expenses, and $2,000 for nonprescription medicine and drugs. In November 2016, they received an insurance reimbursement of $4,300 for the hospitalization. Frank spent $600 on liposuction. They expect to receive an additional reimbursement of $1,300 in January 2017. Determine the maximum deduction allowable for medical expenses in 2016.

a.

$2,800.

b.

$800.

c.

$5,200.

d.

$4,200.

e.

None of the above.

a.

$2,800.

b.

$800.

c.

$5,200.

d.

$4,200.

e.

None of the above.

Explanation / Answer

Dear Student,

I calculated the amount so i got the answer option a. $2800.But i am confused that it is the right answer or not so please i feel very sorry for this question and i hope that you will get the right answer very soon.

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