For calendar year 2021, Giana was a self-employed consultant with no employees. She had $80,000 of net

Question:

For calendar year 2021, Giana 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 her policy covering 2021. How much of these premiums may Giana deduct as a deduction for AGI? How much may she deduct as an itemized deduction (subject to the AGI floor)?

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