chapter 8 problems - 31) 2,500 is her qualified student...

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24) yes he can deduct the 8,800 as a medical expense deduction 25) 12000 would be deductible 26) Hospital cost 3,200 doctor's bills 4200 medecine 1800 insurance 4000 milage 150 Total med exp 13,350 less 7.5% of 85000 AGI 6375 Total med exp deduction 6,975 27) Hospital cost 3,200 doctor's bills 4200 medecine 1800 insurance 4000 milage 150 total med exp 13,350 less insurance reimburs 4100 less 7.5% of 85000 AGI 6375 Total med exp deduction 2,875 30) the interest deduction should be 3,000
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Unformatted text preview: 31) 2,500 is her qualified student loan interest deduction 32) 2,500 is her qualified student loan interest deduction 33) total interest deduction 6800 34) interest deduction 14500 35) deductible interest 21,600 37) 350 40) a) 600 b) 8000 c) 6000 42) Chapter 8 Problems EXPLAIN YOUR ANSWERS 24,25,26,27,30,31,32,33,34,35,37,40,42 Initial Submission Due Nov 1...
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This note was uploaded on 11/26/2011 for the course INCOME TAX 4404 taught by Professor Bulie during the Spring '11 term at University of Minnesota Duluth.

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