For calendar year 2016, Jean was a self-employed consultant with no employees. She had $80,000 of net

Question:

For calendar year 2016, Jean was a self-employed consultant with no employees. She had $80,000 of net profit from consulting and paid $7,000 in medical insurance premiums on a policy covering 2016. How much of these premiums may Jean deduct as a deduction for AGI? How much may she deduct as an itemized deduction (subject to the AGI floor)?