Question

You discovered you can deduct medical expenses over 6% of your income. Your income is $42,000, and you had medical expenses of $567. What portion of your medical expenses can you deduct?

a) $0
b) $34
c) $567
d) $2,520

Answer 1

The answer is A. 0. 6% of $42,000 is $2520. You only have $567 in medical expenses. You're expense has to be more than $2520 before you can deduct it.