Mitzi's 2018 Medical Expenses Include the Following: Mitzi's AGI

question 2225

Multiple Choice

Mitzi's 2018 medical expenses include the following: Mitzi's AGI for the year is $33,000. She is single and age 49. None of the medical costs are reimbursed by insuran considering the AGI floor, Mitzi's medical expense deduction is

• A) $14,675.
• B) $16,325.
• C) $12,900.
• D) $13,850.

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Definitions:

Subrogation

The legal right of a third party, usually an insurance company, to pursue recovery of amounts paid for a claim from a liable party.

Federal Statute

A law enacted by the national government that applies across the whole country.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, aimed at standardizing laws across states.

Sale of Goods

A transaction in which ownership of physical products is transferred from a seller to a buyer for payment.