What is gwen self-employed health insurance deduction

Assignment Help Accounting Basics
Reference no: EM132674876

Problem - During the 2019 tax year, Gwen supports her family as a physical therapist. She reports $90,000 of earned income on her Schedule C and paid the following insurance premiums:

Family health insurance: $15,000

Family dental insurance: $2,000

Health insurance for her 24-year-old son who is not a dependent: $3,000

Long-term care insurance for her 49-year-old husband: $800

Required - What is Gwen's self-employed health insurance deduction for 2019?

Reference no: EM132674876

Questions Cloud

Real estate market inefficiency : Briefly describe 5 factors that cause the stock market to be more efficient than the real estate market.
Comparing occurrence of offense in the selected areas : Write a paper comparing the occurrence of the offense in the selected areas. Identify the number of occurrences reported to the police for each area,
Evaluating the performance of a company : What is the use of return on assets (ROA) and the price-to-earnings (PE) ratio in evaluating the performance of a company.
How the statement of profit or loss can be used : Explain to Jai Lee how the Statement of Profit or Loss and Statement of Financial Position can be used to help better manage his business.
What is gwen self-employed health insurance deduction : During the 2019 tax year, Gwen supports her family as a physical therapist. What is Gwen's self-employed health insurance deduction for 2019
Drug Abuse and Terrorism : Discuss three ways in which terrorist obtain financial backing to support their terrorist activities.
Find the operating cash flow of the project : A project generates revenues of $2,000, cash expenses of $800, and depreciation charges of $500. The firm's tax bracket is 35 percent.
Partnerships important in critical infrastructure field : What is your organization's role in the critical infrastructure sector? Why are partnerships important in the critical infrastructure field?
What is the npv of buying the new lathe : What is the NPV of buying the new lathe? (Round your answer to the nearest cent.)

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd