posted by AR on .
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
2)Lola has a two-year lease that requires her to pay $295 rent per month.
What is the total amount she will pay for rent during the term of her
1) Subtract 7 1/2% of G.I. from 812.35. That will be the deductible abount.
2) Two years is 24 months. Multiply that by the monthly payment to get the total rent payment during the lease.