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:
What is the amount of deductions for AGI that Scott can claim this year (2016)?
Correct Answer:
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Explanation: $15,500 = $1,300 + ...
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