Question

Which of the following is a 100% deductible business expense for self-employed persons?

Question 2 options:

Health insurance

Life insurance

Homeowner's insurance

None of the above

Answer 1

Health insurance

Step-by-step explanation:

Answer 2

Health insurance

Step-by-step explanation:

Health insurance by a self-employed person can come with 100% deductions through her gross income. This type of health insurance, premium is deducted based on how he or she can prove her net profit has been met for the year.

It must be known that the benefits available in this type of insurance are not taxable.