For calendar year 2014, Jean was a self-employed consultant with no employees. She had $80,000 of net

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For calendar year 2014, Jean was a self-employed consultant with no employees. She had $80,000 of net profit from consulting and paid $7,000 in medical insurance premiums on a policy covering 2014. How much of these premiums may Jean deduct as a deduction for AGI? How much may she deduct as an itemized deduction (subject to the AGI floor)?

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South Western Federal Taxation 2015

ISBN: 9781305310810

38th Edition

Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young

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Question Posted: Dec 22, 2016 01:14 AM

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For calendar year 2014, Jean was a self-employed consultant with no employees. She had $80,000 of net

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Hence for the final analysis we can say that selfe...View the full answer

South Western Federal Taxation 2015

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