Answer: $1943
Explanation:
It should be noted that medical expenses would only be deducted once it's more than 7.5% of AGI. First, we have to calculate the total medical expenses which would be:
out of pocket hospital stay = $5550
Add: prescriptions = $353
Add: doctor visits = $500
Add: prescriptions eyeglasses = $200
Total = $6603
Since AGI is given as $62135, we then calculate 7.5% of the AGI which would be:
= 7.5% × 62135
= $4660.125
Therefore, the amount can be deducted for deductible medical and dental expenses would be:
= $6603 - $4660.125
= $1942.875
= $1943
