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Lonnie developed severe arthritis and was unable to climb the stairs to reach his second-floor bedroom.His physician advised him to add a first-floor bedroom to his home.The cost of constructing the room was $28,000.The increase in the value of the residence as a result of the room addition was determined to be $12,000.In addition,Lonnie paid the contractor $5,000 to construct an entrance ramp to his home and $7,000 to widen the hallways to accommodate his wheelchair.Lonnie's AGI for the year was $80,000.How much of these expenditures can Lonnie deduct as a medical expense?
Poverty Rate
The proportion of the population living below the poverty line, indicating the percentage of people whose income is insufficient to meet the basic needs such as food, shelter, and clothing.
Hispanics
An ethno-linguistic group of people traditionally linked to countries that are Spanish-speaking, primarily located in Latin America, but also significantly represented in the United States.
Non-Hispanic Whites
A term used in the United States Census Bureau to refer to White Americans who are not of Hispanic or Latino ancestry.
Poverty Rate
The proportion of a population living below the national poverty line, indicating the extent of poverty in a country.
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