Which of the following is a true statement?
A)Congress allows self-employed taxpayers to deduct the employer portion of their self-employment tax
B)To deduct expenses associated with any profit-motivated activity, taxpayers must maintain a high level of involvement or effort in the activity throughout the year
C)Business activities never require a relatively high level of involvement or effort from the taxpayer
D)All business expenses are deducted for AGI
E)All of these choices are correct.

Question

Quizplus · Accepted Answer

Congress allows self-employed taxpayers to deduct the employer portion of their self-employment tax. This is done on Form 1040, Schedule SE.

Which of the Following Is a True Statement