Sade,who is single and self-employed as a graphic artist,had net earnings from self-employment of $7,250 for the year.She paid $285 a month for health insurance premiums over the last year.Sade is entitled to a for AGI deduction for health insurance of:

A) $0.
B) $285.
C) $3,420.
D) $3,830.

Question

Haloula Makdah · Accepted Answer

Final Answer : C, Explanation :  Sade is eligible for a for AGI deduction for health insurance since she is self-employed and paid for her own health insurance premiums. The calculation for the deduction is the total amount of health insurance premiums paid for the year, which is $285/month x 12 months = $3,420. Therefore, the correct answer is C.

Sade,who is single and self-employed as a graphic artist,had net earnings from self-employment of $7,250 for the year.She paid $285 a month for health insurance premiums over the last year.Sade is entitled to a for AGI deduction for health insurance of:

A) $0.
B) $285.
C) $3,420.
D) $3,830.

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Learning Objectives

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Sade,who is single and self-employed as a graphic artist,had net earnings from self-employment of $7,250 for the year.She paid $285 a month for health insurance premiums over the last year.Sade is entitled to a for AGI deduction for health insurance of:A) $0.B) $285.C) $3,420.D) $3,830.

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Learning Objectives

Learning Objectives

Related questions

Sade,who is single and self-employed as a graphic artist,had net earnings from self-employment of $7,250 for the year.She paid $285 a month for health insurance premiums over the last year.Sade is entitled to a for AGI deduction for health insurance of:

A) $0.
B) $285.
C) $3,420.
D) $3,830.