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Ellen supports her family as a self-employed attorney. She reports $90,000 of income on her Schedule C and pays $8,000 on health insurance for her family, $2,500 on dental insurance, $4,000 on health insurance for her 23-year-old daughter who is no longer a dependent, and $3,000 on disability insurance for herself. What is Ellen's self-employed health insurance deduction?

Answer

a. $8,000

b. $10,500

c. $12,000

d. $14,500

e. $13,500

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9417248

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