Evelyn is single and a self-employed engineer. During 2020, Evelyns income from her engineering business is $55,000.

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Evelyn is single and a self-employed engineer. During 2020, Evelyn’s income from her engineering business is $55,000. Evelyn pays $3,100 for her medical insurance policy.

a. How should the medical insurance policy payment be reflected on Evelyn’s 2020 return?

b. What is Evelyn’s 2020 self-employment tax deduction?

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Concepts In Federal Taxation 2021

ISBN: 9780357141212

28th Edition

Authors: Kevin E. Murphy, Mark Higgins, Randy Skalberg

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