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lakeithiat1320
12.07.2019 •
Mathematics
Last year jeremy had $7900 in medical expenses. if his agi was $89,000, will he be able to deduct his medical expenses and if so, what amount?
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Ответ:
He will be able to deduct his medical expenses by $1225.
Step-by-step explanation:
If his medical expenses are over 7.5% of his AGI he can reduce it to 7.5%.
His AGI was $89,000. How much is 7.5% of that?
0.075*89000 = $6675.
His expenses are over 7.5%, so yes, he can reduce.
He can reduce from $7900 to $6675, so 7900 - 6675 = $1225
Ответ:
$15,000 less
Step-by-step explanation:
for this problem, we will subtract the amount earned in 2018 by the amount earned in 2019.
therefore, Pinky's Gift Shop earned 15,000 less in 2019 and 2018.
hope this helps!
-lovelymoonlight