Hector Is a Married, Self-Employed Taxpayer, and This Year He

question 74

Multiple Choice

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

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Definitions:

Galvanic Device

A device that generates electrical energy through the chemical reaction between different metals in an electrolyte.

Chemical Action

The process of substances interacting at a molecular level to produce a chemical change.

Specific Gravity

A measure of the density of a substance compared to the density of water, indicating how heavy or light the substance is relative to water.

Equal Volume

The condition or measurement where two or more containers or spaces contain the same amount of substance or material.