Question

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

a. $8,000
b. $10,500
c. $12,000
d. $14,500
e. $13,500

Answer 1

Option D

Step-by-step explanation:

You can deduct the disability insurance in order to calculate the self employed health insurance deduction

Health insurance deductions will include health insurance for her family, dental insurance and health insurance for her 23-year-old daughter.

Deductions = $8,000 + $2,500 + $4,000

Deductions = $14,500