Evelyn is single and a self-employed engineer. During 2021, Evelyn's income from her engineering business is $55,000.
Question:
Evelyn is single and a self-employed engineer. During 2021, Evelyn's income from her engineering business is $55,000. Evelyn pays $3,100 for her medical insurance policy.
a. How should the medical insurance policy payment be reflected on Evelyn's 2021 tax return?
b. What is Evelyn's 2021 self-employment tax deduction?
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a Evelyn is allowed a deduction for adjusted gross income for the cost ...View the full answer
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Ajay Negi
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Related Book For 
Concepts In Federal Taxation 2022
ISBN: 9780357515785
29th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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