Business when we talking about business, elaborate how taxes affect when conducting a business, depending on the business what type of deduction are we allow to take create an scenario of your dream business, now that you understand self-employment detail how much will be your gross, $000.00 and your Expenses $000.00 after acquiring your net earnings, find: 1 self-employment tax, found on tax form Schedule 2 part 2 2 Deductible part of self-employment tax. line 14 of schedule 1 3 Qualifying income deduction 20% base on Net. 1040 form line 10 Business when we talking about business, elaborate how taxes affect when conducting a business, depending on the business what type of deduction are we allow to take create an scenario of your dream business, now that you understand self-employment detail how much will be your gross, $000.00 and your Expenses $000.00 after acquiring your net earnings, find: 1 self-employment tax, found on tax form Schedule 2 part 2 2 Deductible part of self-employment tax. line 14 of schedule 1 3 Qualifying income deduction 20% base on Net. 1040 form line 10