Required information The following information applies to the questions displayed below. Clem is married and...
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Required information The following information applies to the questions displayed below. Clem is married and is a skilled carpenter. Clem's wife, Wanda, works part-time as a substitute grade school teacher. Determine the amount of Clem's expenses that are deductible for AGI this year (if any) under the following independent circumstances: (Leave no answer blank. Enter zero if applicable.) a. Clem is self-employed and this year he incurred $1,000 in expenses for tools and supplies related to his job. Since neither were covered by a qualified health plan, Wanda paid health insurance premiums of $5,140 to provide coverage for herself and Clem (not through an exchange) Answer is complete but not entirely correct. Deductible amount for AGI 6,410
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