asked 60.8k views
0 votes
Serena is a 38-year-old single taxpayer. She operates a small business on the side as a sole proprietorship. Her 2019 Schedule C reports net profits of $15,624. Her employer does not offer health insurance. Serena pays health insurance premiums of $7,545 in 2019. Serena also pays long-term care insurance premiums of $600 in 2019.

asked
User Klasske
by
7.8k points

2 Answers

5 votes

Answer:

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Step-by-step explanation:

answered
User Sidarcy
by
8.7k points
4 votes

Step-by-step explanation:

7,545 + 420 = 7,965

Because Serena is 38 years old, she is limited to $420 on long-term care insurance premium deductible.

answered
User JeffE
by
8.1k points
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