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Taylors 2022 health insurance premiums of $7,800 are paid by her employer. During 2022, Taylor requires surgery on her vocal

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Taylor’s 2022 health insurance premiums of $7,800 are paid by her employer. During 2022, Taylor requires surgery on her vocal chords. The cost of the surgery is $10,000 and Taylor’s insurance covers all but $500, which Taylor pays herself. How much is Taylor’s gross income from these health-related transactions?

a. $0

b. $7,800

c. $9,500

d. $10,000

e. $17,800

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Related Book For  answer-question
Income Tax Fundamentals 2023

Income Tax Fundamentals 2023

ISBN: 9780357719527

41st Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Question Details
Chapter # 2
Section: Multiple Choice Questions
Problem: 11
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Question Posted: February 28, 2023 05:27:12
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