Jena is a self-employed fitness trainer who had net earnings from self-employment of $23,500. She paid $525 per month for health insurance over the entire last year. Jena is entitled to a for AGI deduction for health insurance of:

Question

Quizplus · Accepted Answer

Self-employed individuals are entitled to a deduction for health insurance premiums paid during the year in determining their adjusted gross income (AGI). Jena paid $6,300 ($525/month x 12 months) in health insurance premiums during the year. Therefore, the correct answer is C.

Jena Is a Self-Employed Fitness Trainer Who Had Net Earnings