Required information Problem 6-27 (LO 6-1) (Algo) [The following information applies to the questions displayed below] Clem is married and is a skilled carpenter. Clem's wife, Wanda, works part time as a substitute grade school teacher Determine the amount of Clem's expenses that are deductible for AGI this year (if any) under the following independent circumstances: Note: Leave no answer blank. Enter zero if applicable. Problem 6-27 Part-a (Algo) a. Clem is self-employed, and this year he incurred $705 in expenses for tools and supplies related to his job. Because neither was covered by a qualified health plan, Clem paid health insurance premiums of $6,000 to provide coverage for himself and Wanda (not through an exchange) Deductible amount for AGI Required information Problem 6-27 (LO 6-1) (Algo) [The following information applies to the questions displayed below] Clem is married and is a skilled carpenter. Clem's wife, Wanda, works part time as a substitute grade school teacher Determine the amount of Clem's expenses that are deductible for AGI this year (if any) under the following independent circumstances: Note: Leave no answer blank. Enter zero if applicable. Problem 6-27 Part-b (Algo) b. Clem and Wanda own a garage downtown that they rent to a local business for storage. This year they incurred expenses of $1,730 in utilities and $990 in depreciation Deductible amount for AGI Required information Problem 6-27 (LO 6-1) (Algo) [The following information applies to the questions displayed below] Clem is married and is a skilled carpenter. Clem's wife, Wanda, works part time as a substitute grade school teacher Determine the amount of Clem's expenses that are deductible for AGI this year (if any) under the following independent circumstances: Note: Leave no answer blank. Enter zero if applicable. Problem 6-27 Part-c (Algo) c. Clem paid self-employment tax of $24,200 (the employer portion is $12,100), and Wanda had $7700 of Social Security taxes withheld from her pay Deductible amount for AGI