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vposada vposada
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3 years ago
Hui pays self-employment tax on her sole proprietorship income, supplemental Medicare surtaxes on excess wages and self-employment income (the .09% tax) and supplemental Medicare taxes on investment income (the 3.8% tax). Which of the following statements is correct regarding the deductibility of these taxes?

▸ All three of the taxes are deductible as itemized deductions.

▸ One-half of the self-employment tax is deductible for AGI, and the .09% and 3.8% taxes are itemized deductions.

▸ None of the taxes are allowed as a deduction.

▸ One-half of the self-employment tax is deductible for AGI, but the .09% and 3.8% taxes are not allowed as deductions.
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Federal Taxation 2017 Individuals

Federal Taxation 2017 Individuals


Edition: 30th
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layjawillayjawil
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