Pierre is a freelance chef. He works as a personal cook, a caterer for special events, and a menu designer. His net self-employment income was $48,700 this year. His wife, Chloe, is an elementary school teacher and is eligible for a family health insurance policy through her employer. All year, Pierre paid $300 per month for his own health insurance. What is the total amount of health insurance premium that Pierre can deduct as an adjustment to income on their tax return?
Pierre is a freelance chef. He works as a personal cook, a caterer for special events, and a menu designer. His net self-employment income was $48,700 this year. His wife, Chloe, is an elementary school teacher and is eligible for a family health insurance policy through her employer. All year, Pierre paid $300 per month for his own health insurance. What is the total amount of health insurance premium that Pierre can deduct as an adjustment to income on their tax return?
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 51P: Darrell is an employee of Whitneys. During the current year, Darrells salary is 136,000. Whitneys...
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Pierre is a freelance chef. He works as a personal cook, a caterer for special events, and a menu designer. His net self-employment income was $48,700 this year. His wife, Chloe, is an elementary school teacher and is eligible for a family health insurance policy through her employer. All year, Pierre paid $300 per month for his own health insurance. What is the total amount of health insurance premium that Pierre can deduct as an adjustment to income on their tax return?
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT