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Week 3 assignment

14/10/2020 Client: carolinb Deadline: 2 Day

 


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

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