For the deduction of self-employment taxes, which of the following statements is correct?
A. They are taken as an itemized deduction on Schedule A
B. They are not deductible
C. They are 80% deductible as a for AGI deduction
D. They are 50% deductible as a for AGI deduction
is this A
http://www.irs.gov/businesses/small/article/0,,id=98846,00.html
http://www.investopedia.com/articles/tax/09/self-employed-tax-deductions.asp#axzz1oSIeoXts
its d
I don't know -- this is so specific, you'll need to depend on the IRS information and your course materials (textbook).
The correct answer is B. Self-employment taxes are not deductible as an itemized deduction on Schedule A.
To find the answer to this question, you can refer to the official IRS guidelines or publications related to self-employment taxes. You can also consult a tax professional or use trusted tax preparation software.