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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?

a) $0

b) $34

c) $567

d) $2,520

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Answers (2)
  1. 6 February, 02:32
    0
    Answer

    c) $567

    Explanation

    The income is $42,000

    6% 0f $42,000 = 6/100 * 42,000

    = 0.06*42,000

    = $2,520

    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.
  2. 6 February, 03:54
    0
    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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