You are working for a local accountant during tax season and the accountant has asked you to help with the tax preparation needs of Russell and Denise Powell.
Week 3 Writing Project Part 3:
During the current year Denise has paid the following medical expenses:
Drugs (prescribed by physician) $1,850
Marijuana (prescribed by physician) $2,125
Health Insurance Premiums – After Taxes $775
Doctor’s Fees $1,450
Contact Lenses $280
Over-the-Counter-Drugsv$325
Denise received $750 for a portion of her doctor’s fees from her insurance.
- Create a spreadsheet in Excel to calculate Denise’s medical expense deduction.
- Use the formula for calculating a taxpayer’s medical expense deduction presented in your textbook in learning object 5.6 as a guide.
- Use the AGI you calculated for the couple in week 2 in your calculation.
- Make sure to properly label each medical expense and provide an explanation for any medical expenses that are nondeductible.
Week 3: Submit excel spreadsheet with calculation.
Due Dates: This project is completed over several weeks so be sure to follow the due dates carefully.
Grading Rubric: Please refer to the grading rubric specific requirements.
Library Assistance
Link to Keiser's elibrary resources: http://kesu-verso.auto-graphics.com/MVC/
PowerPoint instruction on how to use the Keiser elibrary: Keiser Slide show Library-Orientation-login-and-navigate-lesson1.pptx
Guidance on how to log in and use the Keiser elibrary: KU Library login guide2014October3.pdf
How to cite work from the library: How to cite work from the library.docx
This link helps with APA format: https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_formatting_and_style_guide/general_format.html