math consumer

posted by .

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?


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
lease?

  • math consumer -

    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.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Math

    match the word with the definition: (A)Personal exemptions (B)Adjustments (C)Tax credits (D)Itemized deductions (1) The amount you may be able to deduct from your adjested gross income based on how you spent your money during the year. …
  2. Math

    match the word with the definition: (A)Personal exemptions (B)Adjustments (C)Tax credits (D)Itemized deductions (1) The amount you may be able to deduct from your adjusted gross income based on how you spent your money during the year. …
  3. 10 grade math..

    Jay can deduct the amount over 7% of his gross income as medical expenses on his income tax return. If his annual salary is $18,500 and his medical expenses one year were $1,450, how much could he deduct on his tax return?
  4. tax

    During 2011 Shakira paid following expenses: prescription medicines $525 doctors and dentists $1050 vitamins and ibuprofen $ 275 health club membership fee $ 450 what is the total amount of medical expenses (before application of adjusted …
  5. Algebra 1

    Rena has to pay the first $100 of her medical expenses each year before she qualifies for her insurance company to begin paying. After paying the $100 "deductible," her insurance company will pay 80% of her medical expenses. This year, …
  6. managerial economic

    . A doctor spent two weeks doing charity medical work in Mexico. In calculating her taxable income for the year, her accountant deducted as business expenses her round-trip airline ticket, meals, and a hotel bill for the two weeks …
  7. Math

    Jay can deduct the amount over 7% of his gross income as medical expenses on his income tax return. If his annual salary is $18500 and his medical expenses one year were $1450 how much could he deduct on his tax return?
  8. Math

    Zed can deduct the amount over 7% of his gross income as medical expenses on his income tax return. Is his annual salary is $16700 and his medical expenses one year were $1250 how much could he deduct on his tax return?
  9. Math

    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?
  10. Business Math

    Martha earns a gross salary of N$ 40,000 per month. The following deductions come off her gross salary: income tax 28%, pension fund 10%, medical aid fund 5%. a) How much (in N$) does Martha pay in income tax?

More Similar Questions