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: $\begin{array}{llcc}
\text { Plumbing tools and supplies } & \$1,300 \
\text {Rent on Scott's plumbing shop } &6,250\
\text { Transportation between Scott's shop and various job sites } &500\
\text {Plumber's uniform } &50\
\text {Plumbing truck rental } &7,200\
\text {Self employment tax ( 1 / 2 is employer share) } &400\
\end{array}$
What is the amount of deductions for AGI that Scott can claim this year (2013)?

Question

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: $\begin{array}{llcc}
  \text { Plumbing tools and supplies } & \$1,300 \
 \text {Rent on Scott's plumbing shop  } &6,250\
 \text { Transportation between Scott's shop and various job sites } &500\
 \text {Plumber's uniform  } &50\
 \text {Plumbing truck rental  } &7,200\
 \text {Self employment tax ( 1 / 2 is employer share)  } &400\
\end{array}$
 What is the amount of deductions for AGI that Scott can claim this year (2013)?

Quizplus · Accepted Answer

The Answer of 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: $\begin{array}{llcc}
  \text { Plumbing tools and supplies } & \$1,300 \
 \text {Rent on Scott's plumbing shop  } &6,250\
 \text { Transportation between Scott's shop and various job sites } &500\
 \text {Plumber's uniform  } &50\
 \text {Plumbing truck rental  } &7,200\
 \text {Self employment tax ( 1 / 2 is employer share)  } &400\
\end{array}$
 What is the amount of deductions for AGI that Scott can claim this year (2013)?

Scott Is a Self-Employed Plumber and His Wife, Emily, Is