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Business & Finance Assignment | Custom Assignment Help

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December 13th, 2019

Laurie pays $2,000 into the company’s flexible benefits plan. Laurie spends $2,200 on medical and dental expenses not covered by insurance. She receives $2,000 from the flexible benefits plan for these expenses.

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5. Lynn is injured when a motorist hits him while he is riding his bicycle. Lynn sues the driver and receives $3,500 for his medical expenses, $2,000 for pain and suffering, and $1,000 in punitive damages.

Required: Based on the information provided above, only fill out the appropriate portions of Form 1040, Form 1040 Schedule B, and Form 1040 Schedule D

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