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Daequan, a self-employed consultant, pays for his health insurance out of his own pocket. He is not eligible to be covered under any other insurance
Daequan, a self-employed consultant, pays for his health insurance out of his own pocket. He is not eligible to be covered under any other insurance plan, and did not contribute any amount to his retirement. He paid $1,250 in premiums each month in 2019. His net profit from his business was $58,000. How much can Daequan deduct as a health insurance adjustment to income for the year? a. 0 b. 1,250 c. 13,750 d. 15,000
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