Evelyn is single and a self-employed engineer. During 2020, Evelyns income from her engineering business is $55,000.
Question:
Evelyn is single and a self-employed engineer. During 2020, 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 2020 return?
b. What is Evelyn’s 2020 self-employment tax deduction?
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a Evelyn is allowed a deduction for adjusted gross income for the cos...View the full answer
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Related Book For
Concepts In Federal Taxation 2021
ISBN: 9780357141212
28th Edition
Authors: Kevin E. Murphy, Mark Higgins, Randy Skalberg
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