Question: Thomas is single and a self-employed architect. During 2011, Thomass income from his business is $128,000. He also pays $2,200 for a medical insurance policy.

Thomas is single and a self-employed architect. During 2011, Thomas’s income from his business is $128,000. He also pays $2,200 for a medical insurance policy.

a. How should the medical insurance policy payment be reflected on his 2011 tax return?

b. What is his 2011 self-employment tax deduction?

c. Assume the same facts as in part a, except Thomas is married, his wife’s salary is $30,000, and they are covered by a medical policy from her employer.

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