Moe has a law practice and earns $322,000 which he reports on his Schedule C.His wife,Mindy,works part-time at Wal-Mart and earns $8,300.Mindy does not receive any medical benefits through Wal- Mart.Their 29-year-old daughter,Michelle,who is not a dependent,is working towards earning her Master's degree.
Moe and Mindy pay the following amounts:
$\begin{array}{ll}
\text { Health insurance } & \$ 6,100 \
\text { Dental insurance } & \$ 525\\text { Vision care insurance } &\$425\
\text { Health insurance for their daughter }&\$1,620\\text { Long-term care insurance for Moe who is } 54 \text { years old }&\$1,380
\end{array}$ How much may Moe and Mindy claim on their tax return as a self-employed health insurance deduction?

Question

Moe has a law practice and earns $322,000 which he reports on his Schedule C.His wife,Mindy,works part-time at Wal-Mart and earns $8,300.Mindy does not receive any medical benefits through Wal- Mart.Their 29-year-old daughter,Michelle,who is not a dependent,is working towards earning her Master's degree.
Moe and Mindy pay the following amounts:
 $\begin{array}{ll}
\text { Health insurance } & \$ 6,100 \
\text { Dental insurance } & \$ 525\\text { Vision care insurance } &\$425\
\text { Health insurance for their daughter }&\$1,620\\text { Long-term care insurance for Moe who is } 54 \text { years old }&\$1,380
\end{array}$ How much may Moe and Mindy claim on their tax return as a self-employed health insurance deduction?

Quizplus · Accepted Answer

The Answer of Moe has a law practice and earns $322,000 which he reports on his Schedule C.His wife,Mindy,works part-time at Wal-Mart and earns $8,300.Mindy does not receive any medical benefits through Wal- Mart.Their 29-year-old daughter,Michelle,who is not a dependent,is working towards earning her Master's degree.
Moe and Mindy pay the following amounts:
 $\begin{array}{ll}
\text { Health insurance } & \$ 6,100 \
\text { Dental insurance } & \$ 525\\text { Vision care insurance } &\$425\
\text { Health insurance for their daughter }&\$1,620\\text { Long-term care insurance for Moe who is } 54 \text { years old }&\$1,380
\end{array}$ How much may Moe and Mindy claim on their tax return as a self-employed health insurance deduction?

Moe Has a Law Practice and Earns $322,000 Which He