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Scott Is a Self-Employed Plumber and His Wife,Emily,is a Full-Time $1,300\$ 1,300

Question 91

Essay

Scott is a self-employed plumber and his wife,Emily,is a full-time employee for the University.Emily has health insurance from a qualified plan provided by the University,but Scott has chosen to purchase his own health insurance rather than participate in Emily's plan.Besides paying $5,400 for his health insurance premiums,Scott also pays the following expenses associated with his plumbing business:
Plurrbing tools and supplies                 $1,300\$ 1,300
Rent on Scott'spluribirg shop                  6,2506,250

Trariportation between Scott's shop and yarious job sites              500500
Plumber s wiforr                                                                        5050
Plumbirg tuck rental                                                              7,2007,200
Self ermloymert tax (1/2 is employer share)                           400400
7,200 400 What is the amount of deductions for AGI that Scott can claim this year (2017)?

Correct Answer:

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$15,500
$15,500 = $1,300 + $6,...

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