The for Agi Deduction for the Self-Employment Tax Is Based
The for AGI deduction for the self-employment tax is based upon:
A) a total of 15.3% of FICA taxes.
B) the gross earnings of the business.
C) filing status.
D)a total of 7.65% of the employer's share of FICA taxes.
As a for AGI deduction, the expense for self-employed health insurance premiums:
A) Is never limited.
B) Can be limited by the amount of net earnings of the business.
C) Can be limited by the availability of other health insurance coverage.
D)Is limited by both can be limited by the amount of net earnings of the business and can be limited by the availability of other health insurance coverage.
What percentage of medical insurance premium payments are deductible by self-employed taxpayers as a deduction for adjusted gross income on their 2015 tax returns?
Jena is a self-employed fitness trainer who had net earnings from self-employment of $23,500. She paid $525 per month for health insurance over the entire last year. Jena is entitled to a for AGI deduction for health insurance of: