Solved

It Is Possible for an Individual's Health Insurance Premiums to Be

Question 30

Multiple Choice

It is possible for an individual's health insurance premiums to be counted as a medical expense for the purpose of income tax deduction, as long as the premium amount and other medical expenses exceed ________.


A) 7) 5 percent of the individual's insurance benefits
B) 7) 5 percent of the individual's adjusted gross income
C) 100 percent of the individual's deductible
D) Health insurance premiums are never deductible

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions