Question: Raymond Reddington is self-employed and for the current year had self-employment income of $80,000. His self-employment tax is $12,240. Since Raymond is effectively employing himself,

Raymond Reddington is self-employed and for the current year had self-employment income of $80,000. His self-employment tax is $12,240. Since Raymond is effectively employing himself, he may deduct the $12,240 as a deduction for adjusted gross income.

1. True

2. False

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