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  3. john, an age-45 taxpayer, paid $8,000 

John, an age-45 taxpayer, paid $8,000 for his health insurance coverage in 2024. If he...

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Accounting

John, an age-45 taxpayer, paid $8,000 for his health insurance coverage in 2024. If he is self-employed and had a $50,000 adjusted gross income for the year, how much of the premiums may he deduct?
a. $0
b. $3,000
c. $5,000
d. $8,000

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