Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Self-Employed Health Insurance Deduction (LO 5.2) Serena is a 48-year-old single taxpayer. She operates a small business on the side as a sole proprietor. Her

Self-Employed Health Insurance Deduction (LO 5.2)

Serena is a 48-year-old single taxpayer. She operates a small business on the side as a sole proprietor. Her 2022 Schedule C reports net profits of $15,000. Her employer does not offer health insurance. Serena pays health insurance premiums of $7,800 in 2022. Serena also pays long-term care insurance premiums of $1,200 in 2022.

Calculate Serena's self-employed health care deduction.

$

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management Accounting And Control

Authors: Don R. Hansen, Maryanne M. Mowen

5th Edition

0324233108, 978-0324233100

More Books

Students also viewed these Accounting questions

Question

6.65 Find the probability that z lies between z=-1.48 and z=1.48.

Answered: 1 week ago

Question

the equation shown be y=(x-15)(x+12) values for the x-int erce

Answered: 1 week ago