Homework Answers
Answer is option A
A. $767
4600*2/12 = $767
The premium for insurance plan are allowed as deduction for self-employers to reduce their adjusted gross income by the amount paid for health insurance premiums by them during a given year.
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[The following information applies to the questions displayed below Smithers is a self-employed individual who earns...
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Question 75 of 75. In 2018, Raj, a self-employed consultant, spent $4,500 for qualifying health coverage that he purchased dir insurance company. He is not eligible to be covered under any other insurance plan. His net profit from his hu the amount used to figure his self-employment tax, was $68,000. He had no other earned income. How much can directly from an deduct as an adjustment for self-employed health insurance? $0 $2,250
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