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Problem 5-2 Self-Employed Health Insurance Deduction (LOS.2) Serena is a 46-year-old single tavoayer. She operates...

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Accounting

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Problem 5-2 Self-Employed Health Insurance Deduction (LOS.2) Serena is a 46-year-old single tavoayer. She operates a smal business on the side as a sole proprieter. Her 2027 Schedule C reperts net profits of st5,000. Her emplover dces not offer health insurance, Serens gays heath insurance premioms of $7,800 in 2022 . Serens also pars long-term care insurance premiums of 51,200 in 2022 . Caltulate Serena's self-employed bealth care deduction. x Seit-employed taxpovers are allowed an above-the-line decucsion for the cost of provicing health itsurance for themseives and their families, This deduction is meant to give seif employed taxpoyers the same tax treatment walsble to employces vabo are offered health insurance as a tax-free tenefit ot employment

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