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QUESTION
Which of the following statements is true for entity owners who pay the self-employment tax and the additional Medicare tax?
Which of the following statements is true for entity owners who pay the self-employment tax and the additional Medicare tax?
- Both the self-employment tax and the additional Medicare tax are deductible for AGI in full.
- Half of the self-employment tax and all of the additional Medicare tax are deductible for AGI.
- Half of the self-employment tax and none of the additional Medicare tax are deductible for AGI.
- None of the self-employment tax and none of the additional Medicare tax are deductible for AGI.
