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Richard, age 50, is employed as an actuary. For calendar year 2020, he had AGI of $120,000 and paid the following medical expenses:
Medical insurance premiums $7,300Doctor and dentist bills for Derrick and Jane (Richard's parents) 7,900Doctor and dentist bills for Richard 5,100Prescribed medicines for Richard 830Nonprescribed insulin for Richard 1060
Porblem 1: What is Richard's maximum allowable medical expense deduction for 2019?
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