Question
Young is single and self-employed.His net profit from the business is $100,000.His SE tax on Schedule SE is $14,130.He contributed $6,000 to his self-employed SEP
Young is single and self-employed.His net profit from the business is $100,000.His SE tax on Schedule SE is $14,130.He contributed $6,000 to his self-employed SEP IRA account.He also paid $7,800 self-employed health insurance premium in 2018.What is the amount of adjustments to income on line 36 of Schedule 1 (Form 1040)?
Select one:
a.$13,065
b.$14,865
c.$13,800
d.$20,865
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
