How does self-employment tax impact a Schedule C business owner's Form 1040?

Group of answer choices

The self-employment tax is added to other taxes and the full amount is deducted as an adjustment to income.

Self-employment tax is not reported anywhere on the Form 1040.

The self-employment tax is added to other taxes and one half of the self-employment tax is an adjustment to income.

A portion of the self-employment tax is deducted as a business expense on Schedule C.