The for AGI deduction for the self-employment tax is based upon:

Question

Quizplus · Accepted Answer

The for AGI deduction for the self-employment tax is based on a total of 7.65% of the employer's share of FICA taxes, which includes the Social Security tax of 6.2% and Medicare tax of 1.45%. This deduction is allowed to self-employed individuals to reduce their taxable income and is calculated on Form 1040 Schedule SE. The other options presented in the question (A, B, and C) are not correct, as they do not accurately reflect how the self-employment tax deduction is calculated.

The for AGI Deduction for the Self-Employment Tax Is Based