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adjusted gross income spouse 1: 71,000 adjusted gross income spouse 2: 67,000 combined deductions without medical expenses:

Question

Adjusted gross income of spouse 1: 71,000 Adjusted gross income of spouse 2: 67,000 Combined deductions without medical expenses: 33,000 Medical expenses for spouse 1: 10,000 Medical expenses for spouse 2: none individual adjusted gross incomes, total Suppose a married couple have the following combined deductions, and medica expenses. Answer parts (a)-(f) Click the icon to view the 2021 marginal tax rates and standard deductions. Medical expenses in excess of 7.5% of adjusted gross income can be claimed as a deduction. income. Therefore, the couple cannot claim a deduction for medical expenses. b. Calculate the income tax owed by the couple if they file jointly. The income tax owed by the couple if they file jointly is 14597 (Simplify your answer.) C. Calculate 7.5% of the adjusted gross income for spouse 1. Do the medical expenses for spouse 1 exceed this amount? If so by how much? If the couple file separately can spouse 1 claim a deduction for medical expenses? Select the correct choice below and fill in the answer box(es) within your choice. A. 7.5% of the adjusted gross income for spouse 1 is square The medical expenses for spouse 1 exceed 7.5% of the adjusted gross income by ssquare Therefore, spouse 1 can claim a deduction for medical expenses. B. 7.5% of the adjusted gross income for spouse 1 is ssquare The medical expenses for spouse 1 do not exceed 7.5% of the adjusted gross income Therefore, spouse 1 cannot claim a deduction for medical expenses.

Solution

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Hermínia Mestre · Tutor por 5 anos

Resposta

To solve the problem, let's go through each part step by step.### Part (a)The couple cannot claim a deduction for medical expenses when filing jointly because their combined medical expenses do not exceed 7.5% of their combined adjusted gross income.### Part (b)The income tax owed by the couple if they file jointly is given as 10,000 - 7.5% threshold: \ 10,000 (medical expenses) exceeds \ 4,675 \]Therefore, the correct choice is:**A.** 7.5% of the adjusted gross income for spouse 1 is \ 4,675. Therefore, spouse 1 can claim a deduction for medical expenses.