Benton is itemizing deductions on his federal income tax return and had $5600 in medical expenses last year. if his agi was $55000 and if medical expenses are deductible to the extent that they exceed 7.5% of a taxpayer’s agi, how much can benton deduct for medical expenses?

The answer is $1475.

Explanation:

The AGI is = $55,000

Medical expenses amount = $5600

If medical expenses are deductible to the extent that they exceed 7.5% or 0.075 of a taxpayer’s AGI, means

Now the deductible amount is

Hence, Benton can deduct $1475 for medical expenses.

geometry: triangles

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call the larger triangle abc

then the smaller triangle cde is similar to abc (all angles are equal, aaa).  

ab is the side that is 36, and we wish to find de, the side corresponding to ab

area_cde = area_abc - area_cde --> area_abc / area_cde = 2

let x=length of de

ratio of areas = (ratio of sides)^2

+2+=+%2836%2fx%29%5e2+

+2+=+1296%2fx%5e2+

++x%5e2+=+1296%2f2+=+648+

25.45584