Which of the following statements is True for entity owners who pay the self-employment tax and the additional Medicare tax?
A) Both the self-employment tax and the additional Medicare tax are deductible for AGI in full.
B) Half of the self-employment tax and all of the additional Medicare tax are deductible for AGI.
C) Half of the self-employment tax and none of the additional Medicare tax are deductible for AGI.
D) None of the self-employment tax and none of the additional Medicare tax are deductible for AGI.

Question

Quizplus · Accepted Answer

Fifty-percent of the self-employment tax is deductible for AGI. The additional Medicare tax is not deductible.

Which of the Following Statements Is True for Entity Owners