keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3false еВook Problem 10-25 (LO. 2) For calendar year 2020, Jean was a self-employed consultant with no employees. She had $80,000 of net profit from consulting and paid $7,000 in medical insurance premiums on her policy covering 2020. How much of these premiums may Jean deduct as a deduction for AGI? As an itemized deduction? If an amount is zero, enter "0". Self-employed persons can deduct % of their medical insurance premiums as a deduction for AGI in 2020. Thus, Jean may deduct $ as a deduction - AGI and she may deduct $ as an itemized deduction (subject to the AGI floor). Previous Check My Work
keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3false еВook Problem 10-25 (LO. 2) For calendar year 2020, Jean was a self-employed consultant with no employees. She had $80,000 of net profit from consulting and paid $7,000 in medical insurance premiums on her policy covering 2020. How much of these premiums may Jean deduct as a deduction for AGI? As an itemized deduction? If an amount is zero, enter "0". Self-employed persons can deduct % of their medical insurance premiums as a deduction for AGI in 2020. Thus, Jean may deduct $ as a deduction - AGI and she may deduct $ as an itemized deduction (subject to the AGI floor). Previous Check My Work
Chapter10: Deductions And Losses: Certain Itemized Deductions
Section: Chapter Questions
Problem 25P: LO.2 For calendar year 2019, Jean was a self-employed consultant with no employees. She had 80,000...
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