Hector is a married self-employed taxpayer, and this year he paid $3,000 for his health insurance premiums (not through an exchange). under which of the following alternative conditions can hector deduct the cost of the premiums for agi? -hector chose not to participate in the employer-sponsored plan of his spouse.-hector's spouse participates in an employer-sponsored plan but hector is not eligible to participate in this plan.-neither hector nor his spouse participates in an employer-sponsored plan although both are eligible to participate in a plan.-hector can deduct the health insurance premiums regardless of the insurance status of his spouse.-none of the choices - health insurance premiums can only be deducted as an itemized deduction.

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?