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John is a self-employed carpenter. During 2017, he reported a profit of $40,000 on his Schedule C. He had other taxable income of $10,000. He
John is a self-employed carpenter. During 2017, he reported a profit of $40,000 on his Schedule C. He had other taxable income of $10,000. He paid $2,800 for health insurance. He contributed $5,000 to a SIMPLE retirement plan. His self-employment tax was $5,652. He paid his former wife $3,000 in court-ordered alimony and $5,000 in child support. What is the total amount of John's above-the-line deductions?
$22,652 |
$13,626 |
$17,652 |
$21,226 |
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