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6 August, 10:28

A UCF graduate has $110,000 of adjusted gross income and $11,500 of qualifying medical expenses. This individual's itemized deductions for medical expenses on Schedule A for 2019 (where the limitation is 10%) would be:

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  1. 6 August, 10:52
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    Answer:$500

    Explanation: Step by step explanation.

    Adjusted gross income = $110,000

    limitation = 10% = (10/100) = 0.10

    Medical expenses = $11500

    Adjusted gross income*limitations

    (110,000 * 0.10) = $11,000

    Therefore the individual's itemized deductions for medical expenses on Schedule A for 2019 would be

    ($11,500 - $11,000) = $500
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Home » Business » A UCF graduate has $110,000 of adjusted gross income and $11,500 of qualifying medical expenses. This individual's itemized deductions for medical expenses on Schedule A for 2019 (where the limitation is 10%) would be:
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