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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 $43,500, and he received
Juan, who is single, is a self-employed carpenter as well as an employee of Frame It Incorporated. His self-employment net income $43,500, and he received a W-2 from Frame it for wages of $21,000. 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? . Percentage of self-employment insurance deductible a Maximum amount of self-employment insurance premium deductible b. Porcentage of self-employment taces deductible S
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