Deduct as an itemized deduction

Reference no: EM13259312

For calendar year 2008, Jean was a self-employedconsultant with no employees. She had $80,000 net profit fromconsulting and paid $7,000 in medical insurance premiums on apolicy covering 2008. How much of these premiums may Jean deduct asa deduction for AGI, and how much may she deduct as an itemized deduction (subject to the 7.5% floor)?

Reference no: EM13259312

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