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5) Natalia and Steve are married and file jointly. Steve is self employed and Natalia works for a big corporation. In 2020, Steve paid the
5) Natalia and Steve are married and file jointly. Steve is self employed and Natalia works for a big corporation. In 2020, Steve paid the following expenses: Health insurance paid to cover both Natalia and Steve. $8,000 was paid to Natalia's employer for coverage under the employer plan Wages paid to Steve's employers totalling $125,000 Health insurance premiums paid for Steve's employees totaling $32,000 From the listed items above, how much can Natalia and Steve deduct as for AGI in 2020? a) $157,000 b) $40,000 c) $32,000 d) $165,000 e) $125,000
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