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Lyrx [107]
3 years ago
7

Hector is a married, self-employed taxpayer, and this year he paid $3,000 for his health insurance premiums (not through an exch

ange). Under which of the following alternative conditions can Hector deduct the cost of the premiums for AGI?a. Hector chose not to participate in the employer-sponsored plan of his spouse.
b. Hector's spouse participates in an employer-sponsored plan but Hector is not eligible to participate in this plan.
c. Neither Hector nor his spouse participates in an employer-sponsored plan although both are eligible to participate in a plan.
d. Hector can deduct the health insurance premiums regardless of the insurance status of his spouse.
e. None of the choices - health insurance premiums can only be deducted as an itemized deduction.
Business
1 answer:
Korvikt [17]3 years ago
7 0

Answer:

The answer to this question is option  B. Hector's spouse participates in an employer-sponsored plan but Hector is not eligible to participate in this plan.

Explanation:

Hector can deduct the cost of the premium for AGI if Hector's spouse participates in an employer-sponsored plan but Hector is not eligible to participate in this plan.

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Answer: Option D

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This financing is cheaper and benefits both he lender and the borrower. Hence we can conclude that the correct option is D.

   

8 0
4 years ago
Louis owns an import business. After traveling to France on numerous occasions, he developed a taste for fine French wines. A ra
leva [86]

Answer:

B) French wines will become more expensive in the United States.

Explanation:

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4 0
3 years ago
The goal of _____ is to make it convenient for consumers to find and purchase products at many locations and in many ways.
stepan [7]
The answer is C. intensive distribution. 
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8 0
3 years ago
Ariana withdrew $400,000 out of her personal savings account and used it to start her new Internet cafe. The savings account pay
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Answer:

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Explanation:  

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Accounting profit = Total revenues - Total cost

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So,

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7 0
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