Emily is itemizing deductions on her federal income tax return and had $5200
in medical expenses last year. if her agi was $43,000, and if medical
expenses are deductible to the extent that they exceed 7.5% of a taxpayer's
agi, how much can emily deduct for medical expenses?

Emily can deduct $1975 for medical expenses.

Step-by-step explanation:

Emily is itemizing deductions on her federal income tax return and had $5200. Her AGI was $43,000.

We have:

The AGI is =$43,000

Medical expenses amount = $5200

If medical expenses are deductible to the extent that they exceed 7.5% or 0.075  of a taxpayer’s AGI, means  = 43,000 * 0.075 = $3225

Now the deductible amount is  = $5200 - $3225 =  $ 1975

Hence,Emily can deduct $1975 for medical expenses.

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