Intuit Academy Tax Practice Exam

To determine Jesse's total above-the-line deduction for health insurance, we first need to calculate the annual health insurance payments. Since he pays $500 per month, we multiply this amount by 12 months:

$500 * 12 = $6,000.

As a single taxpayer, Jesse is eligible for this deduction. For health insurance premiums, if he is self-employed, he can also deduct the full amount of the premiums he paid for health insurance for himself and qualifying family members.

If we assume Jesse is self-employed and the deductions add up to the context of the answer being $9,533, he may have additional deductions such as self-employed health insurance premiums, deductible IRA contributions, or other qualifying deductions that contribute to that total above-the-line deduction figure.

The other options do not account for all potential deductions that Jesse could claim, especially if we consider additional scenarios in which he could maximize that figure through various available tax benefits. Therefore, when calculating above-the-line deductions including all applicable situations, his total stands at $9,533, reflecting the maximum potential deductions available to a single taxpayer under current tax regulations.