Hector is a married, self-employed taxpayer, and this year he paid $3,000 for his health insurance premiums (not through an exchange). Under which of the following alternative conditions can Hector deduct the cost of the premiums for AGI? a. Hector chose not to participate in the employer-sponsored plan of his spouse.
b. Hector's spouse participates in an employer-sponsored plan but Hector is not eligible to participate in this plan.
c. Neither Hector nor his spouse participates in an employer-sponsored plan although both are eligible to participate in a plan.
d. Hector can deduct the health insurance premiums regardless of the insurance status of his spouse.
e. None of the choices - health insurance premiums can only be deducted as an itemized deduction.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Hector is a married, self-employed taxpayer, and this year he paid $3,000 for his health insurance premiums (not through an exchange). ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Green Valley Bank sent Comstock Industries its end-of-month bank statement for July. The end of month balance by the bank is $11,237. The statement shows that a deposit for $4,250 is in transit at the end of the statement period.
Answers (1)
What is any measurable, tangible, verifiable outcome, result, or item that is produced to complete a project or part of a project? Group of answer choices Project milestones Project objectives Project assumptions Project deliverable
Answers (2)
Bo signs a lease with Capri Apartments to lease a studio apartment for the next year for $650 per month. Bo and Capri have executed a (n): a) no contract. b) express contract. c) implied contract. d) simple contract.
Answers (1)
What is a good Warzone loadout. Best gets Brainliest. Explain
Answers (1)
Seminoles Corporation's fiscal year-end is December 31, 2021. The following is a partial adjusted trial balance as of December 31.
Answers (1)
New Questions in Business
On January 1, Kirk Corporation had total assets of $851,000. During the month, the following activities occurred: Kirk Corporation acquired equipment costing $6,100, promising to pay cash for it in 60 days.
Answers (1)
Antonio derives more utility from spending an additional dollar on boots than on gloves. We can assume that: a. the marginal utility per dollar spent on boots is greater than the marginal utility per dollar spent on gloves. b.
Answers (1)
Which profession is most likely to be concerned with the effect of supervisors management styles?
Answers (1)
The primary goals of inventory managers are to maintain a sufficient quantity of inventory to meet customers' needs, ensure inventory quality meets customers' expectations and company standards, and minimize the cost of acquiring and carrying an
Answers (1)
Stacy Hanes is an African-American woman who has recently taken her first job and does not seem to like the work environment at all, Her colleagues put down her ideas at team meetings and refer to them as "stupid.
Answers (1)