Question 7 of 75. Terrell, a self-employed architect who reported a net profit on his Schedule C. paid for his health insurance out of his own pocket. He was not eligible to be covered under any other insurance plan until November 1, when he became eligible for, but opted out of his spouse's employer-sponsored plan. His total premiums paid for the year were $4,600. How much can Terrell deduct as an adjustment to income on his tax return? $767 $2,300 $3,833 $4,600