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Jacob owns his own accounting business and generated $50,000 in net income for the taxable year. He is married and files a joint return; his
Jacob owns his own accounting business and generated $50,000 in net income for the taxable year. He is married and files a joint return; his spouse is not employed and currently stays at home. Jacob also paid $800 per month for both of their health insurance coverage. What amount will Jacob be allowed to deduct for self-employed health insurance payments on California Form 540?
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