Benton is itemizing deductions on his federal income tax return and had $5600 in medical expenses last year. if his agi was $55000 and if medical expenses are deductible to the extent that they exceed 7.5% of a taxpayer’s agi, how much can benton deduct for medical expenses?

The answer is $1475.

Explanation:

The AGI is = $55,000

Medical expenses amount = $5600

If medical expenses are deductible to the extent that they exceed 7.5% or 0.075 of a taxpayer’s AGI, means

Now the deductible amount is

Hence, Benton can deduct $1475 for medical expenses.

24 units

step-by-step explanation: