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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
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4 votes
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

User Nivcaner
by
4.9k points

2 Answers

1 vote

Answer:

Health insurance

Step-by-step explanation:

User Nilesh Mahajan
by
4.8k points
1 vote

Answer:

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.

User Antoni
by
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