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Problem 6-28 (LO 6-1) (Algo)

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[The following information applies to the questions displayed below.]

Smithers is a self-employed individual who earns $24,000 per year in self-employment income. Smithers pays $1,700 in annual health insurance premiums (not through an exchange) for his own medical care. In each of the following situations, determine the amount of the deductible health insurance premium for Smithers before any AGI deduction and where the premiums are deductible.

Problem 6-28 Part-a (Algo)

a. Smithers is single and the self-employment income is his only source of income.

is deductible as either a for AGI deduction or itemized deduction in the amount of__________.

b. Smithers is single, but besides being self-employed, Smithers is also employed part time by SF Power Corporation. This year Smithers elected not to participate in SF's health plan.

the amount of _____ is only deductible as an itemized deduction?

c. Smithers is self-employed and is also married. Smitherss spouse, Samantha, is employed full time by SF Power Corporation and is covered by SFs health plan. Smithers is not eligible to participate in SF's health plan.

The deduction is deductible as either a for AGI deduction or itemized deduction in the amount of _____?

d. Smithers is self-employed and is also married. Smithers's spouse, Samantha, is employed full time by SF Power Corporation and is covered by SFs health plan. Smithers elected not to participate in SFs health plan.

The amount of _____ can only be deductible as an itemized deduction.