Herman is covered by a cafeteria plan by his employer. His adjusted AGI is $100,000. He paid unreimbursed medical premiums in the amount of $10, 500 and he itemizes deductions. What amount will Herman be able to deduct for his medical insurance premium expenses

Your total medical expenses, including premiums, must surpass 7.5 percent of your adjusted gross income to be deductible.

In this case, take his AGI and multiply by 7.5%. subtract that amount from the total medical expenses and you will have the amount that is deductible from his taxes.

Adjusted Gross Income = $100,000

Unreimbursed medical premium = $10,500

Amount deductable for his medical insurance premium should be equal to 7.5% of the AGI.

7.5% of AGI

7.5/100*$100,000

0.075*100,000

=$7,500 medical insurance expenses

Total medical insurance premium deductable is

$10,500-$7,500

=$3000