Answer:
The correct answer is
Juan has dividend income of $250,000.
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Which best explains
what a credit score represents? B) A numerical rating that expresses how likely
you are to repay your debts.
<span>Since your credit
score lets banks and lenders know how likely you are to repay your debts, you
are letting the lendors see your creditworthiness. When you receive your credit
score, your score is based on how much your debt to income ration is, how many
lines of credit you have, and how likely you are to pay the debt off. </span>
Answer:
$5,624
Explanation:
Data provided in the question:
Reported schedule C net profits = $5,624
Health insurance premiums paid = $7,545
Long-term care insurance premiums paid = $600
Now,
The total health care premium
= Health insurance premiums paid + Long-term care insurance premiums paid
= $7,545 + $600
= $8,145
But Serena's health care deduction is limited Reported schedule C net profits
Therefore,
Serena’s self-employed health care deduction will be $5,624