Thomas is single and a self employed architect During 2020, Thomass income from his business is $170,000 He also pays $2,200 for a medical insurance policy a How should the medical insurance policy payment be reflected on his 2020 tax return Thomas is allowed a deduction for adjusted gross income for the cost of the policy b What is his 2020 self employment tax deduction Thomas's self employment tax is $ and his deduction for adjusted gross income is $ in 2020 c Assume that Thomas's income from his business is $228,000 What is his 2020 self employment tax deduction Round intermediate calculations and final answers to the nearest whole dollar Thomas's self employment tax is $ and his deduction for adjusted gross income is $ in 2020 I want to know how to answer B and C And this information is what I received from the question Please help me Deductions for Self Employed Taxpayers (LO 8) Thomas is single and a self employed architect During 2020, Thomas's income from his business is $170,000 He also pays $2,200 for a medical insurance policy a How should the medical insurance policy payment be reflected on his 2020 tax return Thomas is allowed a deduction for adjusted gross income for the cost of the policy Feedback b What is his 2020 self employment tax deduction Thomas's self employment tax is $ and his deduction for adjusted gross income is $ in 2020 Feedback C Assume that Thomas's income from his business is $228,000 What is his 2020 self employment tax deduction Round intermediate calculations and final answers to the nearest whole dollar Thomas's self employment tax is $ and his deduction for adjusted gross income is $ in 2020 Feedback

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Posted on Sep 06, 2024

Thomas is single and a self-employed architect. During 2020, Thomass income from his business is $170,000. He also pays $2,200 for a medical insurance policy.

a. How should the medical insurance policy payment be reflected on his 2020 tax return?

Thomas is allowed a deduction for adjusted gross income for the cost of the policy.

b. What is his 2020 self-employment tax deduction?

Thomas's self-employment tax is $ and his deduction for adjusted gross income is

$ in 2020.

c. Assume that Thomas's income from his business is $228,000. What is his 2020 self-employment tax deduction?

Round intermediate calculations and final answers to the nearest whole dollar.

Thomas's self-employment tax is $ and his deduction for adjusted gross income is $ in 2020.

I want to know how to answer B and C.

And this information is what I received from the question.

Please help me.

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Deductions for Self-Employed Taxpayers (LO. 8) Thomas is single and a self-employed architect. During 2020, Thomas's income from his business is $170,000. He also pays $2,200 for a medical insurance policy. a. How should the medical insurance policy payment be reflected on his 2020 tax return? Thomas is allowed a deduction for adjusted gross income for the cost of the policy. Feedback b. What is his 2020 self-employment tax deduction? Thomas's self-employment tax is $ and his deduction for adjusted gross income is $ in 2020. Feedback C. Assume that Thomas's income from his business is $228,000. What is his 2020 self-employment tax deduction? Round intermediate calculations and final answers to the nearest whole dollar. Thomas's self-employment tax is $ and his deduction for adjusted gross income is $ in 2020. Feedback