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Troy is single, runs his own hardware business, and paid $3,500 in healthcare insurance premiums for himself during the current tax year. Troy's net profit
Troy is single, runs his own hardware business, and paid $3,500 in healthcare insurance premiums for himself during the current tax year. Troy's net profit from the business is $225,000. What percentage of his healthcare premiums can Troy deduct in the current tax year?
a) 25% b) 50% c) 75% d) 100%
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