6 February, 02:01
You discovered you can deduct medical expenses over 6% of your income. Your income is $42,000, and you had medical expenses of $567. What portion of your medical expenses can you deduct?
6 February, 02:32
The income is $42,000
6% 0f $42,000 = 6/100 * 42,000
This is more than your medical expense. This means that the portion that your medical expense that you can deduct is the whole amount, $567.
6 February, 03:54
Your total income is 42,000 dollars and you can deduct 6% of medical expenses from your income.
Now you have 567 dollars medical expenses. Let's solve for the portion of medical expenses we can deduct
=> 6% of your income is Letter 2 520 dollars, since your medical expenses is only 567 dollars, thus you can deduct this all.
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» You discovered you can deduct medical expenses over 6% of your income. Your income is $42,000, and you had medical expenses of $567. What portion of your medical expenses can you deduct? a) $0 b) $34 c) $567 d) $2,520