Young is single and self-employed. His net profit from the business is $100,000. His SE tax on
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Young is single and self-employed. His net profit from the business is $100,000. His SE tax on Schedule SE is $14,130. He contributed $6,000 to his self-employed SEP-IRA account. He also paid $7,800 in self-employed health insurance premiums for 2022. What is the total amount of adjustments to income on line 26 of Schedule 1 (Form 1040)?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: