Q:

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

Accepted Solution

A:
No portion of your medical expenses you can deductStep-by-step explanation:You discovered you can deduct medical expenses over 6% of your incomeYour income is $42,000You had medical expenses of $567We need to find the portion of your medical expenses you can deduct∵ Your income = $42,000∵ You can deduct medical expenses over 6% of your income- Find the 6% for your income∵ 6% of the income = [tex]\frac{6}{100}[/tex] × 42,000 = $2520∴ 6% of your income is $2520∵ You can deduct medical expenses over 6% of your income∴ If your medical expenses greater than $2520, then you can    deduct the value greater than it, but if your medical expenses    smaller than $2520, then you can not deduct any value ∵ You had medical expenses of $567∵ $567 < $2520∴ There is no value you can deduct from your medical expensesNo portion of your medical expenses you can deductLearn more:You can learn more about percentage in brainly.com/question/12960754#LearnwithBrainly