1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vivado [14]
3 years ago
9

Brice is a single, self-employed electrician who earns $60,000 per year in self-employment income. Brice paid the following expe

nses this year. Which of the expenses are deductible for AGI? a. The cost of health insurance (not purchased through an exchange) b. The employer portion of self-employment tax paid c. Penalty on early withdrawal of funds from a certificate of deposit
Social Studies
1 answer:
svetoff [14.1K]3 years ago
6 0

Answer:

The correct answer is  all of them. Options "A", "B", and "C" are correct.

Explanation:

AGI stands for Adjusted Gross Income. It is a term fro the internal revenue code that refers to a number used on the Form 1040 U.S. individual tax return.  AGI helps to determine a person's income taxes due. The formula for the AGI is:

<em>(Gross Income from taxable sources - allowable deductions)</em>

Among those above the line deductions, we can find:

  • <em>Some retirement plan investments, such as Individual Retirement Accounts (IRA), SIMPLE IRA, SEP IRA.</em>
  • <em>Healthcare savings account (HSA).</em>
  • <em>Part of of the tax on self-employment.</em>
  • <em>Early withdrawal penalties levied by financial institutions.</em>
  • <em>Losses resulting from the selling or transfer of assets.</em>
  • <em>School tuition, fees and interest in student loans.</em>

As we can see, all the choices given in our case are eligible to be deducted in the AGI.

You might be interested in
Will you help me with number 2 I don’t now if d is correct so just ignore it thx
Stels [109]

Answer:

Explanation:.

8 0
3 years ago
Read 2 more answers
20 POINTS! MULTI- PARAGRAPH IF YOU CAN !!! BRAINLIEST TO BEST ASNWER!!! WRITE YOUR OWN ANSWER
cricket20 [7]

well sahara is the largest hor desert of the world. the people became nomads, and goat and camel herders. The coatal area north of sahara does still produce fruits and some grains. Even durinf roman times  the coastal area flourished with some powerful country/states, until the Romans conquered them and incoporated large areas of North Africa into the empire. if u will notice population in the sahara is not very large but is able to support certain tribes like the Tauregs.

                                  ..............hope it help!!  >.<


8 0
4 years ago
Read 2 more answers
A nativist is someone who would favor…
rosijanka [135]

Answer:

Nativism is the political policy of promoting the interests of native inhabitants against those of immigrants, including the support of immigration-restriction measures. In scholarly studies, nativism is a standard technical term, although those who hold this political view do not typically accept the label.(what a nativist is)

Nativist means policies that would favor natives (those born here or, really, those whose ancestors were born here going back a few generations) over newcomer citizens. (this is what a nativist would favor)

8 0
3 years ago
The issue of slavery gave birth to the ________ party as a major political party. republican populist whig federalist democratic
salantis [7]
From almost the beginning there were two competing parties<span>–the </span>Federalists<span> of Washington, Hamilton and Adams and the </span>Democratic-Republicans<span> of ... Thereafter, the </span>Whig Party<span>, which had failed to take a strong stand on the matter of </span>slavery<span>, faded from the </span>political<span> scene and was replaced by the</span>Republican Party<span> </span>
7 0
3 years ago
Hindi nakikinig sa utos ng magulang dahil lagi tumaca babad sa kanyang (cellphone) anong katangian ng pangalan ang salitang may
Sever21 [200]

Answer:

Konkreto

Explanation:

Option b. ...........

6 0
3 years ago
Read 2 more answers
Other questions:
  • Explain the irony in cry the beloved country
    8·1 answer
  • What is the change in environment called that causes an organisms to take action
    5·1 answer
  • Cual es el río más largo de el mundo?
    9·2 answers
  • Theories that link ongoing poverty to the personal failings of the individual, family, or community are referred to as what?
    13·1 answer
  • In which region of Texas did the Comanche live
    11·1 answer
  • Asia was broken into smaller _____________ because of it's enormous size.
    11·1 answer
  • What were some of the accomplishments of Captain Jones?
    15·2 answers
  • 100 questions Help! What two hemispheres is Georgia located in?
    14·1 answer
  • do you think that the examination is given to immigrants of ellis island were necessary in fair why or why not
    13·1 answer
  • How much can you earn on social security disability?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!