Ethan is itemizing deductions on his federal income tax return and had $4200 in medical expenses last year. if his agi was $39,000, and if medical expenses are deductible to the extent that they exceed 7.5% of a taxpayer's agi, how much can ethan deduct for medical expenses?

The answer is $1275

Step-by-step explanation:

First we will find 7.5% of Ethan's income we will multiply 39000 by 0.075

= $2925

His total medical expense = $4200

We will subtract $2925 from this total medical expenses to know the deductible.

= $1275

Hence, Ethan's deductible will be $1275.

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step-by-step explanation:

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