A profitable customer is a person, household, or company that over time yields a revenue stream that exceeds by an acceptable amount the company's cost stream of attracting, selling, and servicing the customer

Held-to-maturity investments applies only to debt securities because ________

A) these securities earn periodic interest B) equity securities do not mature on a specific date C) these are long-term investments D) equity securities are held for a short period of time

Christopher Scott is a self-employed computer consultant. He earned a net profit of $100,000 in 2016 from his business. During 2016, he paid $2,500 for health insurance coverage for himself and his wife. What is the amount and character of the deduction that the Scotts may claim on their 2016 individual tax return?

a) $2,500 itemized deduction subject to the 2%-of-AGI floor for miscellaneous itemized deductions. b) $1,750 itemized deduction not subject to the 2%-of-AGI floor for miscellaneous itemized deductions and $750 itemized deduction subject to the medical expense limitations. c) $2,500 deduction to arrive at adjusted gross income. d) $1,750 deduction from gross income to arrive at adjusted gross income and $750 itemized deduction subject to the medical expense limitations.