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Required Information [The following information applies to the questions displayed below.) Smithers is a self-employed Individual who earns $30,000 per year in self-employment Income. Smithers
Required Information [The following information applies to the questions displayed below.) Smithers is a self-employed Individual who earns $30,000 per year in self-employment Income. Smithers pays $2,200 in annual health Insurance premiums (not through an exchange) for his own medical care. In each of the following situations, determine the amount of the deductible health Insurance premlum for Smithers before any AGI limitation. a. Smithers Is single and the self-employment Income is his only source of income. Deductible as either a AGI or itemized deduction Required Information [The following Information applies to the questions displayed below.) Smithers is a self-employed Individual who earns $30,000 per year in self-employment Income. Smithers pays $2,200 in annual health Insurance premiums (not through an exchange) for his own medical care. In each of the following situations, determine the amount of the deductible health Insurance premlum for Smithers before any AGI limitation. b. Smithers is single, but besides being self-employed, Smithers is also employed part-time by SF Power Corporation. This year Smithers elected not to participate in SF's health plan
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