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Juan, who is single, is a self-employed carpenter as well as an employee of Frame It, Incorporated. His self-employment net income is $43,000, and
Juan, who is single, is a self-employed carpenter as well as an employee of Frame It, Incorporated. His self-employment net income is $43,000, and he received a W-2 from Frame it for wages of $32 250 He is covered by his employer's pension plan, but his employer does not offer a health plan in which he could participate Required: a. Up to how much of his self-employed health insurance premiums could he deduct for this year, if any? b. How much of Juan's self-employment taxes would be deductible? a Percentage of self-employment insurance deductible a Maximum amount of self-employment insurance premium deductible b. Percentage of self-employment taxas deductible 100 %
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