SOLUTION: Zoe's gross income is $16,960. His medical expenses for the year amounted to $812.35. If he can deduct only the amount over 7 1/2% of his gross income for medical expense

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Question 890980: Zoe's gross income is $16,960. His medical expenses for the year
amounted to $812.35. If he can deduct only the amount over 7 1/2% of
his gross income for medical expenses, how much can he deduct for
medical expenses?
I don't know how to find the amount deducted for the medical expenses...may you please help
Answer by JulietG(1812) About Me  (Show Source):
You can put this solution on YOUR website!
Zoe's gross income is $16,960
7.5% of that would be $1,272 (.075 * 16960)
Since his medical expenses were $812.35, he does not meet the threshold to deduct them. He can deduct $0.
.
The Fair Tax makes SO much more sense, and is just so much more... well, FAIR.