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Timmy paid $650 for health insurance premiums this year (not through an exchange and not with pretax dollars). Timmy is employed full time and his
Timmy paid $650 for health insurance premiums this year (not through an exchange and not with pretax dollars). Timmy is employed full time and his employer paid the remaining premiums as a qualified fringe benefit.
Required information (The following information applies to the questions displayed below.) In each of the following independent cases, indicate the amount (1) deductible for AGI, (2) deductible from AGI, and (3) deductible neither for nor from AGI before considering income limitations or the standard deduction. (Leave no answer blank. Enter zero if applicable.) C. Timmy paid $650 for health insurance premiums this year (not through an exchange and not with pretax dollars). Timmy is employed full time and his employer paid the remaining premiums as a qualified fringe benefit. Deductible for AGI Deductible from AGI Not deductibleStep by Step Solution
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