Which of the Following Statements Is True for Entity Owners

question 38

Multiple Choice

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.